Subscribe today - find out more
Why you should consider BusinessDesk
America's Cup

NY Yacht Club’s shot across Team NZ’s bows

Pattrick Smellie
Wed, 20 Oct 2021

NY Yacht Club’s shot across Team NZ’s bows
Sinking feeling: NYYC-backed American Magic capsized out of the last America's Cup. (Image: Getty)
Pattrick Smellie
Wed, 20 Oct 2021
The New York Yacht Club has put a shot across the bows of both Emirates Team New Zealand and the Royal NZ Yacht Squadron, withdrawing from the next America’s Cup and promising to “advocate for what we believe to be essential changes to the structure” of sport’s oldest competition.The spiritual home of the Auld Mug, the New York Yacht Club (NYYC) has been only an occasional participant in recent regattas, having no involvement between 2003 and 2021, with its American Magic entrant in last year’s challenger series in...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Click & collect: Bunnings doubles profits to $52m
Brent Melville | Thu, 02 Dec 2021

Building supplies group Bunnings had a good year, with net income more than doubling on the strength of a resurgent construction and DIY market.

Technology
'It's a breach': Vax pass data data storage concerning for Māori
Henry Burrell | Thu, 02 Dec 2021

There is a concern for the offshore storage of covid vaccine data and national awareness of vaccine passes.  

Finance
Businesses', banks' views on credit availability diverge
Jenny Ruth | Thu, 02 Dec 2021

Apparently, contradictory views among businesses and banks may all be correct. 

Sponsored
Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.