America’s Cup: details of the Dunphy deal emerge

America’s Cup: details of the Dunphy deal emerge
Investment in 2021 America's Cup infrastructure would be repaid in 2024, say Auckland bid backers. (Image: Getty)
Pattrick Smellie
Auckland-based oil company founder Mark Dunphy is promising to put $20 million of his own money into a New Zealand defence of The America’s Cup but is relying on the government upping its contribution beyond the $31m cash already offered.Detail of the Dunphy offer comes from a copy of a Sept 14 letter from Dunphy to Aaron Young, the commodore of the Royal NZ Yacht Squadron, which officially holds the cup, and the chairman of Team NZ Ltd, former Toyota NZ CEO Bob Field.In the letter, circulating widely among potential backers of the Dunphy...

More Editor's Picks

‘We need the cash’: Alliance chair’s plea to shareholders
Primary Sector

‘We need the cash’: Alliance chair’s plea to shareholders

Its special meeting was held in Invercargill on Monday.

Riley Kennedy 20 Oct 2025
Where to take care of business in Fiji
Editor's Picks Free

Where to take care of business in Fiji

Sun, space, and seamless travel: Fiji’s pitch for NZ’s next big business meetings.

Riley Kennedy 20 Oct 2025
My Net Worth: Jim Wicks, Cultivating Leadership MD
Editor's Picks

My Net Worth: Jim Wicks, Cultivating Leadership MD

“I want to create spaces that enable people to be successful and grow.”

On the Money: Garry Moore and PGW, and more
Editor's Picks

On the Money: Garry Moore and PGW, and more

We farewell Jim Bolger while sparing a thought for Garry Moore, and more.

Dileepa Fonseka 18 Oct 2025