Money Makes the Cup Go Around

Alinghi syndicate head Ernesto Bertarelli has provided Team NZ a multimillion dollar “no-strings” loan to ensure their presence at the 2007 America’s Cup. “In [Bertarelli’s] view, the regatta would lose some of its appeal without us,” said Team NZ general manager, Grant Dalton. “It would be like holding the [soccer] World Cup without Brazil.” In other Cup news, Russell Coutts is embroiled in a legal battle with Alinghi over his controversial dismissal from the team. According to Swiss weekly L’Illustre, Coutts is now planning to launch a new and improved sailing competition, offering a more level playing-field. “I think especially that a system to control costs should be set up to allow the syndicates that are less well-off to be really competitive,” he stated in the interview.


Tags: Alinghi  America's Cup (The)  Brazil  Ernesto Bertarelli  Grant Dalton  L'Illustre  New Zealand  Russell Coutts  Taipei Times  Team New Zealand  

Auckland Creatives Give Condé Nast a City Tour

Auckland Creatives Give Condé Nast a City Tour

Auckland-based designer Lillie Toogood and husband Dirk Paetzold are helping shape the story of New Zealand now for an international audience. The pair were recently interviewed by Condé Nast Traveler for…