Americas Cup
-
@canefan said in Americas Cup:
@kiwiwomble said in Americas Cup:
so, assuming everything he says is correct, would people rather have one more comp in NZ and risk losing it (due to lack of funding meaning staff leave etc) or sell out, take it overseas and keep it?
No win right? What's the point of having it if we don't get to stage it? I don't think one offshore regatta is going to future proof ETNZ financially long term.
definitely not long term, it always seems to be regatta to regatta
counter point, whats the point in winning the RWC if you dont get to host it next time? i know its not the same as technically its a choice....but practically it doesn't seem to be
-
-
as we've said before, just hope hes also not expecting funding from the government if it goes overseas, im a long term fan and understood funding them previously as the goal was to bring the event back to NZ.... but a move overseas would shatter that idea
-
@bovidae said in Americas Cup:
Good to read that Dalton is realistic about the Government and Auckland CC not being an endless supply of money. You need either a rich benefactor or very generous sponsors, preferably both, to survive.
I can't think offhand of any other team that operates the way we do. It has always been a rich man's game, and we are the exception not the rule
-
@kiwiwomble said in Americas Cup:
as we've said before, just hope hes also not expecting funding from the government if it goes overseas, im a long term fan and understood funding them previously as the goal was to bring the event back to NZ.... but a move overseas would shatter that idea
Wouldn't hosting it in a more profitable location reduce the amount of funding needed from other sources?
I don't see the issue with having this overseas - if we host and retain this year in year out it's going to do nothing for the sport.
It's a bit like if David Tua ever wont the heavyweight title. It would have been nice to have an early defence at home, but there is no need for him to martyr himself defending every time at the Trusts Stadium when he could be at the MGM Grand.
-
@rotated i would hope they wouldn;t need extra funding if they take it overseas, we might end up with Ineos Team New Zealand v Ineos Team Great Britain
I was coming around to the idea of it having to go overseas until it was pointed out earlier in the thread that the investment around the Auckland water front last time was based on two event to break even...so if they take it away now they're effectively ripping the tax payer off
-
@kiwiwomble said in Americas Cup:
I was coming around to the idea of it having to go overseas until it was pointed out earlier in the thread that the investment around the Auckland water front last time was based on two event to break even...so if they take it away now they're effectively ripping the tax payer off
Probably me that mentioned it, but it is exactly the case. You can add the Akl ratepayer as well.
They are taking our rates and taxes to pay themselves. The deal was, we give you the money and you win we get a payoff. Like any capital investment.
Having said that I think that the government could reinvest a little more as well to keep a winning team together and to recoup some of the first investment lot. It's not throwing good money after bad because they keep winning. They won't if the team breaks up. More a reinvestment in success type philosophy and the capital grows.
I'll still be pissed if they sell out all of the supporters and fans that pay taxes, bought merch etc, and won't get to see them race again next time. It feels like a real betrayal. Might as well get Butterworth and Coutts back on board.
-
@snowy i think it was
i should also said it s bit silly of the government not to actually have that as a clause in their contract, if they win they have to hold it in NZ as long as this funding is also met or something. Sole negotiation rights is a bit weak
-
@kiwiwomble said in Americas Cup:
i should also said it s bit silly of the government not to actually have that as a clause in their contract, if they win they have to hold it in NZ as long as this funding is also met or something. Sole negotiation rights is a bit weak
First bit is probably a bit tough to enforce regarding the funding. Nice idea though. Yes to the sole negotiating rights. A real give us the money or we bugger off attitude. I know that they need the funds but it doesn't sit well with me as a negotiation in good faith.
It's also bloody rude to take people's money to buy a rugby ball, and then just fuck off with it and not play with the people that bought it.
-
Here's a novel thought let's stop calling them "Team NZ" maybe "Dalton's Hero's", "Wind Hoe's" "South Something Sails" basically anything but not Team NZ,
if they want NZ's support and $$ but don't think NZ has any value for having the event here! Then maybe it's time we stopped funding them and look back at the good times we have had and smile but move on
-
-
-
-
-
This is a key section of the article:
At the council, there's a feeling that the investment in the Cup hasn't been worth it. Back in 2017, when the one and only business case for the event was conducted, MBIE estimated the 2021 America's Cup would add between $0.6 billion and $1b to New Zealand's economy.
By 2019, that cost-benefit ratio was valued at below 1:1 by New Zealand Initiative chief economist Eric Crampton and University of Auckland economics Professor Tim Hazledine.
Post the Covid-19 event, without international tourists and the lucrative superyacht trade, the direct economic losses will undoubtedly be massive when, and if, they are published by MBIE.
-
@tim said in Americas Cup:
@canefan It's easy to circumvent paywalls.
It's a good article, and it's pretty clear to me that the America's Cup spending was a rather irresponsible waste of money, from a government with little interest in industrial development.
It was a pretty damn good party though
-
Cork would have to a bit of a random choice, not sure locals would consider Ineos as theirs to support
it does look like a cracking harbour from a spectators point of view though
-
@kiwiwomble said in Americas Cup:
Cork would have to a bit of a random choice, not sure locals would consider Ineos as theirs to support
it does look like a cracking harbour from a spectators point of view though
So essentially a neutral venue then?
-
@canefan unless there is some Irish team out there i havent heard about
i guess there weren't Caribbean teams in Bermuda, cant remember if there were Spanish teams in Valencia
-
@kiwiwomble said in Americas Cup:
@canefan unless there is some Irish team out there i havent heard about
i guess there weren't Caribbean teams in Bermuda, cant remember if there were Spanish teams in Valencia
Yeah, was a Spanish team in Valencia.
They spent over $3bn or something on doing the place up (not the team, the authorities).
If they hold this anywhere but AKL I would expect a huge backlash against TNZ.
The inside story of how NZ won, then lost, the America's Cup
