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

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
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...

More Editor's Picks

The good, the bad, and the ugly of share buybacks
Markets BusinessDesk Explains

The good, the bad, and the ugly of share buybacks

Spark did one, Fletcher did too and now Air NZ is. What are share buy-backs?

Manukau Harbour port option ‘technically feasible’
Infrastructure

Manukau Harbour port option ‘technically feasible’

Dredging a channel and port area would take several years and up to $1.2b.

Oliver Lewis 20 Feb 2025
Fonterra still looking at trade sale and IPO options
Primary Sector

Fonterra still looking at trade sale and IPO options

Fonterra says it is thoroughly testing both options. 

Rebecca Howard 19 Feb 2025
Two Sky boxes and no Sky coverage
Markets

Two Sky boxes and no Sky coverage

Pay TV operator's bottom line could be hit by satellite issues, analyst says.