Team NZ confirms March 2021 America's Cup defence

Team NZ confirms March 2021 America's Cup defence”

Team New Zealand moved Friday to cut the cost of competing in the America's Cup and tighten nationality rules after years of criticism that yachting's premier event has become a billionaires' plaything.

Meanwhile, helmsman Peter Burling insists a new nationality clause will not harm the America's Cup careers of his fellow Kiwi sailors.

"When New Zealand won the Cup in 1995, the marine industry was instrumental in convincing the Ports of Auckland, then owners of the Viaduct Harbour, to make provision for superyachts in addition to the syndicate bases".

It may be early days, but the possibility of an Australian boat entering the America's Cup has Ashby excited, he sees it as a way to continue to grow and improve the event.

Dalton said he was ever-wary of the threat of opposition teams circling to pick off their key talent.

"This was a focused negotiation with the challenger of record but the common ground was to produce a Protocol that was fair first and foremost with a basis of both tradition and technology".

He was confident that would be achieved, but said Italy would be the backup venue in case of complications. Luna Rossa pulled out of the last America's Cup after having enough of the way Oracle (Team USA) had been running it.

Team NZ confirms March 2021 America's Cup defence

"We're really clear about that, this is where we want to hold it but we've got nothing in place yet".

"I'm sure people have been contacted, that's only natural, but certainly I'm not aware that we've lost anybody at this point", he said.

Under the new rules, at least three of the 10-12 man crew must be citizens of the country the team represents, and the rest must meet strict residency criteria. Drawings and concept images will come on November 30, with the design rules announced by March 31 2018.

The regatta will have a series of preliminary races to be held internationally in 2019 and 2020, concluding with the traditional challenger and defender series in Auckland in 2021.

The marine industry looks forward to the benefits from building two 75ft (24 metres) yachts for Emirates Team New Zealand, and major components and some fit out of challenging syndicate yachts.

Jan-Feb 2021 - PRADA Cup challenger series.

March 31, 2018 - AC75 class rule published.

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