Callaghan funds Larry Ellison/Russell Coutts yacht building company - again

Wed, 26 Sep 2018

(Removes hold) By Nikki Mandow Sept. 26 (BusinessDesk) - A New Zealand company owned by multi-billionaire America’s Cup arch-rival Larry Ellison, and which has Rich Lister yachtsman Russell Coutts on the board, is getting more taxpayer funding. Warkworth-based Core Builders Composites, formerly known as Oracle Racing, has successfully negotiated a two-year extension to its Callaghan Innovation research and development grant. It got $1.5 million of government funding in 2016 and almost $1 million in 2017. Core Composites is 100 perc...

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