Larry Ellison's NZ yacht company key to America's Cup rival

Wed, 17 Oct 2018

By Nikki Mandow Oct. 17 (BusinessDesk) - A Warkworth-based company owned by multi-billionaire IT mogul Larry Ellison and part-funded by Callaghan Innovation is at the centre of a bid to take the wind out of the sails of the next America’s Cup competition in Auckland. New Zealand won the rights to host the March 2021 cup, after beating Ellison’s Oracle Team USA seven to one in Bermuda last year. But instead of launching another challenge for the America’s Cup, Ellison and his right-hand man, former Team NZ skipper Russell Coutts, have laun...

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