This story has an element of bullshit about it. The story I'm sure has been reported correctly but Craig Monk must be leading the most slap dash racing team ever. Who would even invest in such a mickey mouse outfit. Learning how to sail your boat after the race is started is not a formula for success. Unless you can drum up some people with extensive Volvo Ocean 65 experience there would be no way you could catch up with the training that other teams have done. I would also imagine that the required experienced staff have already been picked up by other syndicates. Also if your flat broke as reported you could not pay the required staff what they want. I don't think Craig Monk is brain dead so something else is at play here.
1. This is a training run for a future VOR campaign and more importantly a VOR campaign that coincides with the Americas Cup.
2. ETNZ are going back to monohulls and need staff to up skill monohulls skills, however they don't want to dilute the Brand name by being associated with a Bad VOR campaign so are hiding their involvement via Craig Monk
3 Its a mixture of both 1 and 2 as reasons
4 Craig Monk is delusional and wants to run a real VOR Campaign with no training and no budget and this has nothing to do with ETNZ