Team New Zealand chief executive Grant Dalton and Prada chief executive Patrizio Bertelli. Photo / Getty ImagesAmerica's Cup defender Team New Zealand has found itself at the centre of another off-water spat, this time with key event sponsor Prada over media accreditation. The Italian fashion giant has taken over running the media operation for this month's America's Cup World Series event and January's Challenger series after a dispute over which media should be accredited. However, it was revealed that Team NZ was in dispute with MBIE over the way the team charged ACE $3m to design the boats for next year's regatta. "The lack of an appropriate time-recording system within [Team New Zealand] prevented any objective verification of the amount that was ultimately recharged to ACE [event operators America's Cup Event Ltd]."

Source: New Zealand Herald December 05, 2020 04:14 UTC