maybe devos, penske and fauth just like to piss money down the toilet, otherwise they should have seen the deficiencies with TH and the COO (not sure where he came from) early in the program. Penske doesn't have the reputation of losing so maybe he was just a guy giving money and not playing an active roll. Either way if the NYYC is going again, they need more AC experience at the top calling the day to day shots.Nothing agains TH, but they have to change the team, and that begins with the management. BTW, their first role now is to keep the designers and find new ones.
Hmmm, $100,000 "then a bit more from someone" for $1M. With maths like that it's no wonder they're having trouble raising the money! :lol:From NZ local rag. "I have heard a few people say" 'it's only $1m from 100 members'; 'if everyone put in $1000 then we got a bit more from someone…'
Just evidence of a Labour government using media spin to justify not helping TNZAnd now this
New Zealand made a loss of $156 million from hosting the America's Cup event in March.
"It also details the organisation's frustrations in working with the public sector, with some processes described as "cumbersome and time consuming". ACE said it was required to attend 32 regular meetings, "most of which were unproductive and resulted in conflicting information and instructions being delivered to ACE". "Unfortunately, due to the number of people who attended and the fact that they were led by Auckland Unlimited who was not responsible for delivering the event, they became very unproductive, and required outcomes were not able to be achieved."
[SIZE=15.9375px]And the review itself[/SIZE]