Looks like Team NZ didn’t need to bludge after all

Wonders will never cease, it looks like Team NZ have had a rummage down the back of someones sofa and come up with some loose scratch to fund them through to January without having to pick the taxpayers’ pockets.

Relief for sailing fans, as it’s confirmed Team New Zealand will have the money to survive to the end of the year.

A week ago, syndicate head Grant Dalton claimed the team was running low on cash, and would need government funding to survive past this month.

But director Sir Stephen Tindall has confirmed they will make it to at least January.

“We’ve got enough money to get through to the end of the year, we’re getting more and more comfortable that we are going to be able to get through and we haven’t made any decision on when any announcements would be made.”

Good, now get rid of the bludging CEO who asked for taxpayer cash when it wasn’t needed.

Especially when that same CEO is having a mid-life crisis buying 100k motorbikes and swapping out the missus.

Team New Zealand boss Grant Dalton splashed out on a $100,000 motorbike just weeks before he went cap-in-hand for taxpayer cash.

It’s understood Dalton “traded up” an older-model Ducati and also bought a limited edition 1199 Panigale R.

The bike is one of only 500 produced worldwide and only two imported to New Zealand – one of which Dalton received less than three weeks ago.

A spokesman for Auckland Ducati dealer Cyclespot would not confirm the sale to Dalton but said two bikes had been sold recently.

Not unlike America’s Cup race boats, the new model Ducati is lighter and faster than previous models and has carbon-fibre throughout.

“He traded up the old one to get the Panigale, I believe. It was a recent acquisition,” a source at the Auckland Motorcycle Club said.

The Team can’t stand him, especially over his behaviour in San Francisco, but he rules with an iron fist, holding staff and crew to standards he himself fails to keep.


– NZ Herald