No sooner have the public scuttled Grant Dalton’s bid for our tax dollars, and Steve Joyce gives a stack load to a company that almost exclusively contracts for Oracle’s America’s Cup racing program.
They say in comedy timing is everything, and after the revelation Oracle Team USA’s Warkworth based boat builders are receiving a government hand out all you can do is laugh.
The punch line is that it comes just days after John Key reiterated that he isn’t prepared to continue his government’s investment in Emirates Team New Zealand, leaving their future in doubt.
The headlines for the original story may have been a little misleading â the funding is not directly for Oracle â but it’s definitely not a good look to be aiding the opposition when the home team is struggling.
Core Builders Composites have built Oracle’s America’s Cup boats since their 2003 challenge and has received the grant for research and development.
That R&D will either be to create a better boat for Oracle to defend the America’s Cup in 2017, or maybe one of Core Builders other big projects like disco balls.
It might not be the only work Core Builders does, but some say 80 percent of the work done in Warkworth is for Oracle.
The company has been described as Larry Ellison’s plaything. Read more »