With Emirates Team New Zealand leading Oracle Team USA by eight wins to one (Oracle were penalised two points for pre-cup cheating in another regatta) the Kiwi team just needs one more win. Today’s second race was postponed at the start because of strong winds and choppy sea.
New Zealand went so very close to capsizing by just a few degrees when their boat flipped up onto one side a few days ago, but Dean Barker and his fantastic crew got the boat back under control, but gifted a win to Oracle.
So friends the Americas Cup should be the New Zealand Cup tomorrow after either race. These giant catamarans could well become tomorrows new sea transport technology because of their high speed. Both Emirates Team NZ and Oracle USA have exceeded 40 knots in speed at times.
The New Zealand PM John Key, has promised a $40 million subsidy for a New Zealand defence of the cup in NZ. The previous Labour Government had paid Team NZ $36 million for the present challenge.
Some people have been highly critical of the millions of dollars spent in Americas Cup regattas. Some say the yachts are just rich men’s toys wasting money while there is massive unemployment and poverty in New Zealand, But economists claim there is at least a 10-1 return on money invested in yacht design, contruction, infastructure at the home port, spin-offs in other types of yacht and boat-building, goodwill and employment opportunities in the longterm.
It has certainly built up excitement in the last week when the real possibility of bringing homw the Old Jug to NZ. Over a million viewers(20% of the population) out-watched the All Blacks test match against the South African Springboks last weekend. Next race is 8am NZ time tomorrow or 9pm GMT