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New Zealand Government Indicates Interest In Backing Team NZ In Another America's Cup
Published October 4, 2013
TEAM NZ SEEKING ASSURANCE: FAIRFAX NZ NEWS' Duncan Johnstone reported Team New Zealand said that it needs "some assurance on their future within a fortnight to avoid being stripped of their intellectual property and sailing crew." Team NZ skipper Dean Barker, Managing Dir Grant Dalton and COO Kevin Shoebridge "will now sit down and map out what would be required to keep Team New Zealand on life support." Long-term sponsorships will "need to be found but the immediate target is to keep key people on the books and avoid them being poached by rivals." Most of the Team New Zealand contracts are "about to expire, making members vulnerable to offshore raids." Dalton said, "I now have to deal with the vultures coming after my guys. This is a brutal game. It's like trying to take organs from a person when they aren't actually quite dead" (FAIRFAX NZ NEWS, 10/3).