NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Sport / Sailing / America's Cup

America's Cup: Rich-lister Mark Dunphy's move 'curious', Grant Dalton says

Paul Lewis
By Paul Lewis
Contributing Sports Writer·NZ Herald·
30 Jul, 2021 06:33 AM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

CEO of Emirates Team New Zealand Grant Dalton. Photo / Getty Images

CEO of Emirates Team New Zealand Grant Dalton. Photo / Getty Images

Emirates Team New Zealand boss Grant Dalton says it is curious that rich-lister Mark Dunphy has not been talking to the team about his moves to find enough money to hold the 37th America's Cup in Auckland, instead of overseas.

In a joint statement with the Royal New Zealand Yacht Squadron, Dalton said: "Mr Dunphy has been talking to numerous people but curiously not with Emirates Team New Zealand despite repeated offers to meet with him and with the urging of our partners the Royal New Zealand Yacht Squadron to do so.

"On the face of it, Mr Dunphy's offer to contribute funds seem generous and it would be great if his ideas stack up. But until we meet and understand his intentions and see a proposal then we cannot form a view."

RNZYS Commodore Aaron Young said the squadron and Team NZ had a clear priority to "first and foremost win and continue to defend the America's Cup".

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"RNZYS & ETNZ have a contract under which Emirates Team New Zealand are responsible for all aspects of the 37th America's Cup Defence which includes funding and organisation," Young said.

"While the preference of both RNZYS and ETNZ would be to hold the next America's Cup in New Zealand, it cannot compromise the structure of Emirates Team New Zealand or risk the success of their future campaign and we are in complete alignment on this."

CEO of Emirates Team New Zealand Grant Dalton. Photo / Getty Images
CEO of Emirates Team New Zealand Grant Dalton. Photo / Getty Images

Their comments come after Dunphy, CEO and chairman of Greymouth Petroleum and on New Zealand's rich list with an estimated worth of $230 million, is at the helm of the move to hold the 37th America's Cup in Auckland – most likely with a mix of private and government funding.

Dunphy has been speaking to the squadron, the holders of the Cup and the entity he says make the decision on a venue - but wants both to say they are committed to a local defence if the money can be found.

Advertisement
Advertise with NZME.

"There is no doubt there is money there," said Dunphy, when asked if he and backers of the move already had the wherewithal, "but we can't really talk money until certain issues have been resolved."

Greymouth Petroleum CEO Mark Dunphy. Photo / NZPA
Greymouth Petroleum CEO Mark Dunphy. Photo / NZPA

Those issues were:

• Commitment from Team NZ and the RNZYS that they will defend the Cup in New Zealand if the money is raised.

• That Team NZ would not "stand in the way" of the RNZYS when it comes to a local defence.

Discover more

Business

The $293m blowout: Making sense of America's Cup cost-benefit reports

25 Jul 05:00 PM
New Zealand

'Significant deficits': NZ's economy $293m worse off by America's Cup

20 Jul 03:12 AM
America's Cup

Leaked email reveals last-ditch attempt to host America's Cup in NZ

16 Jul 06:00 AM
New Zealand

Sir Russell Coutts' fight over water for private golf course not finished yet

27 Jul 08:55 PM

• That Team NZ delay any decision on a venue (the current deadline is September 17 with Cork in Ireland and Valencia in Spain thought to be frontrunners) until November 17, the date when the protocol for the 37th America's Cup must be released.

"I am doing this because I believe the America's Cup really is New Zealand's cup in more ways than one," he said.

"Everyone in New Zealand has contributed to it, through government, and it's a unique showpiece for our nation. As Kiwis, we should not let defending the Cup go overseas, if at all possible. Grant Dalton and Team NZ have done a fantastic job and won our admiration with a wonderful team of sailors and the design team.

"But it seems silly that, collectively, we New Zealanders can't find a way to both stay here and defend it here and achieve what Team NZ want – a three-peat."

Save

    Share this article

Latest from America's Cup

Premium
Opinion

Paul Lewis: Legal action becoming a more likely prospect in AmCup power struggle

30 May 05:00 AM
America's Cup

'Defender has the right': Team NZ responds to stinging Alinghi accusations

29 May 08:48 PM
Premium
America's Cup

The key changes proposed in the America's Cup draft protocol

26 May 04:00 AM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from America's Cup

Premium
Paul Lewis: Legal action becoming a more likely prospect in AmCup power struggle

Paul Lewis: Legal action becoming a more likely prospect in AmCup power struggle

30 May 05:00 AM

OPINION: The latest backlash from challengers feels like a play for more power.

'Defender has the right': Team NZ responds to stinging Alinghi accusations

'Defender has the right': Team NZ responds to stinging Alinghi accusations

29 May 08:48 PM
Premium
The key changes proposed in the America's Cup draft protocol

The key changes proposed in the America's Cup draft protocol

26 May 04:00 AM
Premium
Paul Lewis: The power struggle at play in new America's Cup protocol

Paul Lewis: The power struggle at play in new America's Cup protocol

25 May 12:00 AM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP