erice 732 Posted July 29, 2021 Share Posted July 29, 2021 Moves are being made by a Kiwi rich-lister to see if the defence of the America's Cup can be held in Auckland after all. Mark Dunphy, CEO and chairman of Greymouth Petroleum and on New Zealand's rich list with an estimated worth of $230 million, is at the helm of the move to hold the 37th America's Cup in Auckland – most likely with a mix of private and Government funding. Dunphy has been speaking to the Royal New Zealand Yacht Squadron, the holders of the Cup, but says the squadron and Team New Zealand now need to answer the question: are they committed to a local defence if the money can be found? One insider spoken to by the Herald estimated that Dunphy and others are looking for up to $80m, maybe more, to bridge the gap between the (since withdrawn) Government offer of $99m and Team NZ's financial needs. Team NZ turned down that, though only about a third of that figure was in cash. Up to $200m has been mooted as the top end of a budget needed to finance a defence in the AC75 foiling monohulls. Another interesting aspect of the Dunphy America's Cup effort is that it is focusing largely on the RNZYS – although Dunphy said he had corresponded with Team NZ "through the squadron". One yachting source said: "If they find the money, it could lead to members of the current Team NZ migrating across to a new entity. There would seem to be two options – Team NZ either wind up or they could negotiate a defender series [where yachts from the defending country race off to decide who will sail in the Cup match]." https://www.nzherald.co.nz/sport/americas-cup-kiwi-rich-lister-mark-dunphy-at-helm-of-move-to-keep-next-cup-in-auckland/LPC2KWYY5U7RCVRY6NUWZM6MBA/ Quote Link to post Share on other sites
ex Elly 197 Posted July 30, 2021 Share Posted July 30, 2021 Why doesn't Dunphy just call up Dalton to discuss? Is there a communication problem? Quote Link to post Share on other sites
Fish 0 Posted July 30, 2021 Share Posted July 30, 2021 Would Dunphy's support be conditional on GD not being in charge by chance? 1 Quote Link to post Share on other sites
O_Smiladon 4 Posted July 30, 2021 Share Posted July 30, 2021 I guess now this is out in the public domain. We will hear more as time goes on. Lets hope it will stay ! Steve Quote Link to post Share on other sites
Fogg 427 Posted July 30, 2021 Share Posted July 30, 2021 Ordinary people rarely achieve extraordinary things so I get the whole scene has its fair share of ‘rock star’ personas. But it sounds like the egos are now so overinflated that rationale decisions are fast going out of the window. Losing interest (again)… 1 Quote Link to post Share on other sites
waikiore 397 Posted July 30, 2021 Share Posted July 30, 2021 Oh I think it is great that Mark is challenging Grant to fess up, I am sure the Squadron want it to stay, but Grant might have to choke a little depending on what he has already agreed to with Ineos. Quote Link to post Share on other sites
waikiore 397 Posted July 30, 2021 Share Posted July 30, 2021 Or will Grant lead the Squadron by the nose at their meeting this afternoon and call the shots as he has lately.... Quote Link to post Share on other sites
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