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Emirates Team New Zealand's base in Auckland's Viaduct Harbour © Richard Gladwell The long standing and at time bitter public wrangle over the AC75 class rule cost has been resolved, and America's Cup Event Ltd and its CEO and Directors, Grant Dalton, Tina Symmans and Greg Horton have been exonerated. A media release issued Tuesday afternoon confirms the Ministry of Business, Innovation and Economic Development (MBIE), Emirates Team New Zealand (ETNZ) and America's Cup Event Ltd (ACE) have met today in a mediation setting to resolve issues regarding whether the creation of the C...

ETNZ and ACE settle dispute with NZ government department 22 December 2020 Media release issued by MBIE on December 22, 2020: New Zealand's Ministry of Business, Innovation and Employment (MBIE),the Defender of the America's Cup Emirates Team New Zealand (ETNZ) and America's Cup Event Limited (ACE), the body set up by ETNZ to run the events, have met today in a mediation setting to resolve issues regarding whether the creation of the Class Rule for the America’s Cup was an Event Cost under the Host Venue Agreement. We regret the manner in which this issue has played out in the public arena...