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The New Zealand government put a non-refundable deposit of $5 million down today on their next regatta; and while Prime Minister Bill English is already posturing in the hopes of gaining some leverage in the upcoming negotiations with Dalts and the TNZ Board, it seems obvious that Kiwi stakeholders will pony up to put on another successful regatta like in 2000 and 2003.   Most would expect the impact to be in line with (or better than) the half-billion in reported spending for each of those events, and with Larry finally out of the AC, we could see a return to the boom times of the turn of the century.  Remember them? Double-digit fleets of Challengers making the Land of the Long White Cloud their home for a year or two as they built up to an event with a million fans on shore and on boats?  Well, it could happen again, and we truly hope the Defender can stick to their stated plan of targeting a worldwide audience with an innovative and free digital platform for all the racing.

The Anarchists are already spiritedly debating the politics and funding of the thing – who would expect anything else?   ETNZ principal Matteo De Nora has some interesting things to say about the next AC boat, the TV deals, the other teams’ lack of courage, and the “Lone Wolf” status of ETNZ in Bermuda in this  interesting interview with Italy’s La Stampa yesterday.

csabi

July 3rd, 2017

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