Cabinet signals $5m for Team NZ's next defence - News Summed Up

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Cabinet signals $5m for Team NZ's next defence


Photo: RNZ (file)The Government has congratulated Team New Zealand and reaffirmed its commitment to support the team as it prepares for the next America's Cup. The Kiwis and defenders in the faster boat, Te Rehutai, won the 36th America's Cup, beating italy's Luna Rossa 7-3 in the best-of-13 series with a dominant 46-second victory this afternoon. This story was first published by RNZPrime Minister Jacinda Ardern said they had made the country proud. "Following a hard year, Team New Zealand provided such optimism and excitement. The minister responsible for America's Cup support, Stuart Nash, said Cabinet has agreed in principle to use the under-spend from the $136.5 million set aside in Budget 2018 to support the successful team to stay together while it planned its defence.


Source: Otago Daily Times March 17, 2021 04:41 UTC



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