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    The Comeback Kids

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    utkarsh jain
    Team New Zealand was close to insolvency in 2015 and their test boat was far behind rivals. Grant Dalton drafted a press release to close the team as they could not pay bills or staff. At the last minute, an overseas donor provided funding to prevent closure. Despite launching their test boat later than rivals, Team New Zealand came from behind to win the America's Cup in a stunning victory, becoming far ahead of other teams' development. They rattled off four straight wins over Oracle to take a 3-0 lead in the first-to-seven series, though Oracle warned of coming back as they had done before.

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    The Comeback Kids

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    utkarsh jain
    24 views2 pages
    Team New Zealand was close to insolvency in 2015 and their test boat was far behind rivals. Grant Dalton drafted a press release to close the team as they could not pay bills or staff. At the last minute, an overseas donor provided funding to prevent closure. Despite launching their test boat later than rivals, Team New Zealand came from behind to win the America's Cup in a stunning victory, becoming far ahead of other teams' development. They rattled off four straight wins over Oracle to take a 3-0 lead in the first-to-seven series, though Oracle warned of coming back as they had done before.

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    Team New Zealand was close to insolvency in 2015 and their test boat was far behind rivals. Grant Dalton drafted a press release to close the team as they could not pay bills or staff. At the last minute, an overseas donor provided funding to prevent closure. Despite launching their test boat later than rivals, Team New Zealand came from behind to win the America's Cup in a stunning victory, becoming far ahead of other teams' development. They rattled off four straight wins over Oracle to take a 3-0 lead in the first-to-seven series, though Oracle warned of coming back as they had done before.

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    Download as docx, pdf, or txt
    24 views2 pages

    The Comeback Kids

    Uploaded by

    utkarsh jain
    Team New Zealand was close to insolvency in 2015 and their test boat was far behind rivals. Grant Dalton drafted a press release to close the team as they could not pay bills or staff. At the last minute, an overseas donor provided funding to prevent closure. Despite launching their test boat later than rivals, Team New Zealand came from behind to win the America's Cup in a stunning victory, becoming far ahead of other teams' development. They rattled off four straight wins over Oracle to take a 3-0 lead in the first-to-seven series, though Oracle warned of coming back as they had done before.

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    The comeback kids: How

    Team New Zealand won the


    America's Cup
    In Grant Dalton's mind, Team New Zealand were finished.
    The Kiwi syndicate was dangerously close to operating while insolvent. He didn't
    know how he was going to pay the staff, let alone meet the supplier and
    construction costs of getting a test boat on the water.
    While Dalton and the team's committed board members were desperately
    scratching about to find ways to pay the bills, meeting on average twice a day,
    their rivals were already whizzing about in test boats. Some were on their second
    or third.
    So in October 2015, as he sat on a plane back to England after a tense board
    meeting, Dalton drafted a press release telling the public Team NZ would be
    closing its doors. He had accepted his 14-year quest to return the Auld Mug to
    New Zealand was over.
    ADVERTISEMENT
    Advertise with NZME.

    It was only a last-minute bailout from an overseas donor that prevented Dalton
    hitting the send button on that press release.
    "We managed to come up with some money by daybreak, and here we are,"
    Dalton explains, shrugging his shoulders as if he still can't believe Team NZ have
    won the Cup back.
    There are many remarkable elements of Team NZ's stunning win in Bermuda:
    the nerveless performances of helmsman Peter Burling in his first America's Cup;
    their recovery from the dramatic capsize during the challenger semifinals; the
    great redemption story after the horrors of San Francisco four years ago.
    But perhaps most remarkable of all is how a team that was on the brink of
    financial ruin, and launched their first proper test platform 18 months after key
    rivals, came to be so far ahead of the development curve.

    There was an unnerving calm in the Team NZ camp during the agonising five-
    day break between racing in the 35th America's Cup match.
    Helmsman Peter Burling and skipper Glenn Ashby (right) celebrate Team NZ's
    win. Photo / AP
    The Kiwi team had rattled off four straight race wins over Oracle to lead the first-
    to-seven series 3-0, having gone into the match one point down. But as a
    humbled, yet defiant, Oracle skipper Jimmy Spithill reminded us, "we've been
    here before" and his team would be working 24-hour shifts to address the speed
    differential with the New Zealand boat.
    For five days those words picked away at the seams of the national psyche as
    we all thought back to San Francisco and the gut-wrenching turn of events in the
    last Cup.

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