America’s Cup: Funding confirmed for Team NZ

Published on June 21st, 2014

(June 21, 2014) – America’s Cup challenger Team New Zealand have confirmed they have sufficient funds to survive to the end of the year. A week ago, syndicate head Grant Dalton claimed the team was running low on cash, and would need government funding to survive past this month. But director Sir Stephen Tindall has confirmed they will make it to at least January. There’s speculation the team will make an official announcement sometime this coming week. – New Zealand Herald, full story