Americas Cup Funding.

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networkn

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#148560 23-Jun-2014 14:34

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11279897

I no longer support the Government contributing to this venture. I don't believe what we got out of the Americas Cup would have been worth what we put in, and if their Execs are on $2m then I don't see any logical reason for needing Govt Sponsorship.

I think the exception would be if we had won and were hosting, as the money could be used for additional infrastructure which benefits everyone.

I have no real issue with Daultons salary if he is privately funded.

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#1072650 23-Jun-2014 14:39

much like govt funding other commercial ventures - sport, film, tv

a waste of taxpayers' money !

Lyderies

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#1072652 23-Jun-2014 14:44

Its all about who puts in more money, we wont win unless we are willing to spend as much as the Americans (lets get space scientists to build parts of our yacht).

We are stupid to be part of it, why not make a new race that is actually about skill and not finance

I'm going to noob myself past judgement

networkn

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#1072666 23-Jun-2014 14:55

Anyone know what the total cost of our last challenge was?

nathan

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#1072671 23-Jun-2014 15:05

If you start hassling Yachting might as well hassle rugby at the same time

livisun

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#1072672 23-Jun-2014 15:08

I think it was over 200 Million, 25-30 million taxpayer and the rest from Emirates, Nespresso etc..

SumnerBoy

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#1072673 23-Jun-2014 15:10

According to the Herald...

"The Government contributed $36 million to Team NZ's last campaign, which ended in an 8-9 loss to Oracle in the closest America's Cup in history."

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networkn

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#1072687 23-Jun-2014 15:33

nathan: If you start hassling Yachting might as well hassle rugby at the same time

Not really. A lot more people are interested in Rugby, and as I recall the Government made it's money back and then some re RWC and it's associated ongoing benefits.

I am not sure how much NZ Govt provided in 2007, I'd imagine it wasn't much.

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#1072689 23-Jun-2014 15:41

networkn:
nathan: If you start hassling Yachting might as well hassle rugby at the same time

Not really. A lot more people are interested in Rugby, and as I recall the Government made it's money back and then some re RWC and it's associated ongoing benefits.

I am not sure how much NZ Govt provided in 2007, I'd imagine it wasn't much.

I don't know if they did make their money back, and if they did, it is very difficult to assess as there maybe ongoing benefits from it that are still occurring. They had to pay a lot to rebuild Eden park. A lot of people are also interested in the americas cup when we are close to winning it. In 1995 when we won it, it was also huge news, probably on par with when we won the world cup rugby.

networkn

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#1072690 23-Jun-2014 15:43

mattwnz:
networkn:
nathan: If you start hassling Yachting might as well hassle rugby at the same time

Not really. A lot more people are interested in Rugby, and as I recall the Government made it's money back and then some re RWC and it's associated ongoing benefits.

I am not sure how much NZ Govt provided in 2007, I'd imagine it wasn't much.

I don't know if they did make their money back, and if they did, it is very difficult to assess as there maybe ongoing benefits from it that are still occurring. They had to pay a lot to rebuild Eden park. A lot of people are also interested in the americas cup when we are close to winning it. In 1995 when we won it, it was also huge news, probably on par with when we won the world cup rugby.

Right, but Rugby happens 9 months a year, yachting 4 weeks every 4-6 years. Infrastructure was put in place which benefits Auckland ongoing.

gehenna

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#1072691 23-Jun-2014 15:44

IMO I'm happy for them to seek financial contributions as a commercial venture, but I don't support any government/taxpayer funding.

eracode

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#1072694 23-Jun-2014 15:47

networkn:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11279897

I no longer support the Government contributing to this venture. I don't believe what we got out of the Americas Cup would have been worth what we put in, and if their Execs are on $2m then I don't see any logical reason for needing Govt Sponsorship.

I think the exception would be if we had won and were hosting, as the money could be used for additional infrastructure which benefits everyone.

I have no real issue with Daultons salary if he is privately funded.

Yep - pretty well sums up my feelings now, too. I was mad keen and supported govt funding last time - but the way it turned out turned me right off, esp the timed-out race. Ridiculous. Hard to get enthused again.

Sometimes I just sit and think. Other times I just sit.

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Gilco2

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#1072696 23-Jun-2014 15:51

I used to enjoy the America's Cup but over the years its deteriorated to who has the most money. As a small country we just cant compete against the likes of Oracle as we just dont have the finances to fund the amount of technology needed these days as shown by Oracle. So I dont support government funding of it anymore.

If it went back to basics of identical boats and technology and it is a race between genuine ability of the teams and not the technology then yes.
But not as it stands now

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#1072698 23-Jun-2014 15:53

We should boycott the America's Cup. It is clear that whenever a team has any chance of winning it from them, they are willing to change or bend the rules to ensure they win, or just spend an inordinate amount of money for an advantage.

mattwnz

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#1072700 23-Jun-2014 15:54

networkn:
mattwnz:
networkn:
nathan: If you start hassling Yachting might as well hassle rugby at the same time

Not really. A lot more people are interested in Rugby, and as I recall the Government made it's money back and then some re RWC and it's associated ongoing benefits.

I am not sure how much NZ Govt provided in 2007, I'd imagine it wasn't much.

I don't know if they did make their money back, and if they did, it is very difficult to assess as there maybe ongoing benefits from it that are still occurring. They had to pay a lot to rebuild Eden park. A lot of people are also interested in the americas cup when we are close to winning it. In 1995 when we won it, it was also huge news, probably on par with when we won the world cup rugby.

Right, but Rugby happens 9 months a year, yachting 4 weeks every 4-6 years. Infrastructure was put in place which benefits Auckland ongoing.

The yachting is also ongoing too, as there a minor races all the time involving team NZ, all around the world, and NZ boat builders benefit as a result. I think they should be stumping up some of the cost, as they directly benefit. There was also a lot of infrastructure put in place on Aucklands waterfront, and possibly the waterfront wouldn't be as good as it is now if the Americas cup hadn't taken place down there.

heavenlywild

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#1072702 23-Jun-2014 15:55

This says it all about why I think the next America's Cup is not 'sport':

Oracle: 2 boats
Everyone else: 1 boat

Why compete on an uneven playing field?

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