Just how bad has 2015 been for Team New Zealand?

Team NZ boss Grant Dalton. Photo / Brett Phibbs

They've yet to take the water this year but 2015 has so far been a struggle for Team New Zealand. The former America's Cup holders suffered another blow today, following the news that design chief Nick Holroyd has quit. The Herald looks at the ill wind that has blown in the team's direction this year.

February 18 - News is 'leaked' that Team New Zealand will replace Dean Barker as helmsman with young star Peter Burling creating a massive fall-out with Barker.

February 26 - Barker says he is "absolutely gutted" at the way he has been treated by Team New Zealand, confirming he heard of his planned axing through the media.

February 28 - Veteran sports broadcaster Murray Deaker pens a column for the Herald saying Grant Dalton has to go.

March 11 - The departing Barker lashes out at Team New Zealand saying the syndicate is trying to "rewrite history" with their version of his split from the team.

March 27 - The Government confirms the loss of the qualifying round in Auckland would mean zero funding for Team New Zealand.

April 20 - The America's Cup Events Authority, as part of sweeping cost-cutting measures, reneges on an agreement awarding Auckland hosting rights for the qualifying series in early 2017, ending Team NZ's chances of any further Government investment in the next campaign.

April 20 - On whether the Government would fund the team Prime Minister John Key says"I think we're at the end of the road really".

April 20 - The confirmation of the commercial wasteland of Bermuda as the venue for the 2017 event also hits Team NZ hard, forcing them to slash $20 million from their budget and undergo an extensive restructure

May 4 - Keith Turner resigns as chairman of the syndicate after just over a year in the post.

May 12 - Some good news! Team NZ announce their major sponsor, Emirates, has recommitted to the next campaign - the strongest indication yet the team are back on track to challenge in Bermuda in 2017.

May 21 - Barker is named skipper and chief executive of new Japanese team. Does not rule out not the possibility of further Kiwis being involved in his new team.

Today - Design chief Nick Holroyd quits Team New Zealand along with grinders Winston Macfarlane and Derek Saward.