23 November 2000

Media Release

Business Concerned Over Delays in Accepting America’s Cup Challenges

Auckland Chamber of Commerce ceo, Michael Barnett, has expressed concern over the time taken to accept challenges for the next America’s Cup

“A recent survey highlighted the enormous economic benefit the Auckland region gained from the last America’s Cup and if that is to be repeated we need to ensure we have as many challenges as possible.

A Swiss entry is still waiting for an arbitration panel to rule on the whether it challenge is accepted.

“The greater the number of challenges the better. Not only does it improve the regatta but also allows New Zealand businesses to develop links with overseas markets such as Switzerland”

“If we delay acceptances other potential challenges may see it as a return to the old days of legal arguments as it was with the New York Yacht Club and the big boat challenge, and this may deter them from entering.”

“Like most New Zealander’s we want to see the battle on the water, not in the courtroom and enjoy as a region the considerable benefits a successful America’s Cups brings,” concluded Mr Barnett

For further information please call

Michael Barnett – Auckland Chamber of Commerce (09) 302-9916

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