Team New Zealand has finally shored up the support of Emirates Airline, marking a substantial step towards becoming a legitimate challenger in the 34th America's Cup!
The Emirates Team New Zealand (ETNZ) have committed to participating in the America's Cup World Series (the AC45 catamaran which they got to sail on today) while they secure additional funding for their AC72 campaign.
I suppose that makes sense. It's not like racing 72 ft catamarans is expensive or anything.
ETNZ Managing Director Grant Dalton said the team will be making an announcement about their involvement in the AC72 in a few months.