No rush to fund ETNZ

I agree with the Herald Editorial…there is no rush to fund Emirates Team New Zealand…I think we should be waiting to see if the sponsors are going to go again before committing any cash.

If anything though we should commit cash to stopping other teams using our technology.

Clearly, the Government feels pressured to rush into funding another America’s Cup bid. Yesterday’s official welcome at Queens Wharf re-emphasised the widespread admiration for Team NZ, while the team themselves have wasted no time applying pressure for a quick decision. Skipper Dean Barker has led the charge, speaking of a very small window of opportunity before circling vultures poach some of his crewmen. 

Their warning is not totally persuasive. The interest generated by Team NZ’s thrilling challenge means there will surely be more entrants in the 35th America’s Cup. But it is difficult to see this leading to wholesale departures from the team. And even if this were so, the damage would not be irreparable. This country has young sailors ready, willing and possibly able to take their place if a future challenge is sponsored.

Therefore, while the Economic Development Minister, Steven Joyce, indicated yesterday that funding will be forthcoming, the Cabinet can afford to wait for the waters to settle before deciding how much greater this will be than the previous Government’s $36 million.

As I said…let’s wait to see if the sponsors pony up.

Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.