They are largely funded by Olympic money, but forget all of us multi yacht club members who keep them going year by year, good example: when many moorings were proposed for Rakino amongst other spots AYBA went into legal battle for us the cruising boaties , YNZ did not murmur. With Cat 1 tipped out will three four and five follow or are we to self police within the clubs? Interestingly a number of the races that I enjoy each year are now run under Colregs with no luffing rules etc and we all enjoy them.