Funding boost for Team NZ
00:01 UTC+8 July 4, 2017
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Print Edition
Print Edition
TEAM New Zealand will receive US$5 million from taxpayers to allow it to retain key personnel in the immediate aftermath of its America’s Cup win over Oracle Team USA in Bermuda.
Prime Minister Bill English said the government would support the team “boots and all” as it began preparations to defend the oldest trophy in sailing. But he said Team New Zealand could not expect an open checkbook and would have to find additional funding.
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