Team NZ set for backing

The Prime Minister has given a strong hint that Team New Zealand could get public funding for a future America's Cup contest.

Helen Clark said yesterday she was well satisfied with the returns on the Government's $34 million contribution to support the challenge in Valencia.

"The constant branding promotion of New Zealand over many weeks of high-profile sailing, the opportunities New Zealand companies have had to leverage off it at the base in Valencia ... I'm very well satisfied with the investment."

Asked if it augured well for future funding, she noted: "You might say that. I couldn't possibly comment."

Sport Minister Trevor Mallard said a quick decision would be needed to stop other syndicates poaching the crew.