Tim Dower: America's Cup a spectacular financial failure

Early Edition with Ryan Bridge · Jul 20, 2021 · 1m

The America's Cup post-mortem report has revealed a lot of juicy gossipy stuff about what went on during the event.

And to me it raises questions about who was calling the shots, and who ought to have been calling them, given that it was the sorry old taxpayer that funded the whole thing.

But the headline take-out from it all is of course, the spectacular financial failure.

All up NZ Inc is almost $300 million worse off as a result of it.

Auckland Council has also quietly admitted it put in 92 million more than it had previously said. That's a scandal in its own right.

You can partly blame it…