America’s Cup Collapse May End New Zealand’s Involvement

New Zealand’s America’s Cup defeat dashed the nation’s hopes of hosting a title defense worth hundreds of millions of dollars and put in doubt its future involvement in the 162-year-old sailing contest.

While Prime Minister John Key didn’t rule out renewed public financing for Emirates Team New Zealand after the loss, he said earlier this month it was unlikely unless the team brought the trophy home. The Royal New Zealand Yacht Squadron, which served as the challenger of record, said another campaign may not be possible if expensive catamarans remain the boat of choice.