Wellington — America’s Cup holders Team New Zealand (TNZ) on Tuesday launched a blistering condemnation of the government department in charge of 2021’s event after an investigation into financial impropriety.

TNZ were cleared of financial wrongdoing in August after an audit of the public funding from the ministry of business, innovation and employment (MBIE) to America’s Cup Events (ACE), the body organising the regatta on behalf of TNZ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.