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

Police credibility ripples, Com Com value for money and more
Editor's Picks Business of Government

Police credibility ripples, Com Com value for money and more

BusinessDesk’s fortnightly round-up of public sector news and observations. 

A cut to the milk price isn’t as bad as it sounds
Primary Sector

A cut to the milk price isn’t as bad as it sounds

A $9.50/kgMS price is still well ahead of breakeven.

The journey to monetary policy consensus at the RBNZ
Economy Analysis

The journey to monetary policy consensus at the RBNZ

The whole process takes about two weeks. 

Port ownership up for debate
Infrastructure

Port ownership up for debate

Regional council assets, including NZX-listed ports, to be questioned in council reforms.