Kiwi government confirms that a Bermuda America's Cup holds little appeal

NZ Herald. By Audrey Young.

With just two days to go before the next America's Cup venue is announced, Economic Development Minister Steven Joyce has confirmed it would be harder to justify government funding if the venue were Bermuda in 2017.

“It's hard to see the benefits of it from a New Zealand exporter's point of view if it's Bermuda [rather] than if it's San Diego, but we'll keep an open mind,” he told the Herald.

He was expecting a proposal for funding from Team New Zealand no matter which venue was chosen.

“But I don't know the details of the proposals. I don't know if they'll be asking for the same money in both venues. I don't know if there's anything else we should take into account.”

Read the full story here.

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