Policy

America's Cup spending row settled

Ian Llewellyn
Tue, 22 Dec 2020

Ian Llewellyn
Tue, 22 Dec 2020
Warring parties in the messy wrangle over the cost of running the America’s Cup have put aside their differences after mediation.The Ministry of Business, Innovation and Employment, Emirates Team New Zealand and America’s Cup Events say they have all agreed that costs charged to the government had been made legitimately.MBIE said it is “satisfied that event investment in relation to the Crown’s contribution has been or will be properly incurred by ACE.”MBIE’s concerns over America’s Cup expenditure &nda...

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