NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

<i>John Roughan:</i> Unspoken clue to riddle of the America's Cup

John Roughan
By John Roughan
Opinion Writer·
7 Feb, 2003 12:21 PM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Leave the country for five minutes and you always miss something important. Notice that? I went to Europe for two weeks at the end of September and missed the entire Blackheart campaign. Every word of it.

When I left I'd never heard the term, when I returned nobody wanted to use
it in polite company. It was about as popular as an eruption of pus from the national psyche, which I suppose is what it was.

But at least it seemed to have lanced the boil, or so I thought until all the bad blood from the previous defence bubbled back to the surface over the past few weeks.

The exchanges, fully published in the paper and rehearsed on radio and television, have been fascinating less for what they say than avoid saying.

As soon as Russell Coutts and Brad Butterworth had vented their version of the fraught negotiations for the transfer of Team New Zealand, the former trustees accused them of maligning the memory of Sir Peter Blake. Interestingly, Coutts' and Butterworth's published account had contained no adverse mention of the late Blake.

And trustees, though they continued to rail about the pair's treatment of Sir Peter, never quite explained it. The row has been a riddle in which both sides, and their interviewers, seem to know the nub of the issue but nobody wants to tell the public.

They can come clean; we are not fools.

Not long ago Russell Coutts upgraded his Auckland house by several millions.

Last weekend it was reported that Sir Peter's widow put his luxurious schooner on sale with a price tag of $900,000.

When Sir Peter retired from running the America's Cup campaign he was able to go cruising the world full-time for the sake of the environment.

People can obviously get very rich on international sponsored sailing and that, in New Zealand, is a problem. With an economy of this size we cannot always afford to keep top performers in any field.

That may be the reason for this strange national aversion to the idea that national heroes can cash in.

During America's Cup 2000 a rival camp made accusations, which the Blake organisation went to great trouble to suppress, that their operation was creaming it while the sailors lived on sandwich packs and peanuts.

This week, when former directors of Team NZ replied to Coutts and Butterworth, they concluded with a gratuitous denial that they or Sir Peter had personally enriched themselves at the expense of the team.

"No person within the Team NZ organisation, including Sir Peter Blake and all other senior executives, was engaged on terms which were out of line with the market," they said.

I'd think the market rates are fairly good for somebody who has built a sailing organisation that won the America's Cup, given sponsors a brand that has crowds cheering in the streets and cajoled governments, national and local, into sinking public money in a purpose-built regatta base which has spawned Auckland's most fashionable real estate. At least, I hope so.

The remarkable thing is not that Sir Peter probably made a fortune but that in this country it is dangerous to say so. I will probably be pilloried for the suggestion here, but nothing else makes sense of everything we have read and heard on the subject over the past fortnight.

Obviously we lost Coutts, Butterworth and most of the old team because they, too, wanted to make their fortune from the America's Cup while they could.

They could not make it with Team NZ because as far as the trustees, old and new, were concerned, Coutts and Butterworth were not Blake.

They were not businessmen either, by the sound of it. Much of the mud flung back and forth over the fortnight has been about the debts, charitable obligation and possible tax liability which the previous trustees were proposing to hand to Coutts, Butterworth and Co.

After the pair gave up on the transition negotiations and jumped ship, those debts and liabilities plainly did not present an insoluble problem to new trustees Peter Menzies and Ralph Norris. They simply sold an obsolete asset.

Nor do they seem to have faced the other problem that confronted Coutts and Butterworth: a reluctance of the local "family of five" sponsors to share billing with a big international benefactor.

Once Menzies and Norris were in charge, the "family" didn't seem to mind. Pride of place on the black boat next weekend will be a German technology company of Oracle proportions, SAP.

There are no heroes and villains in this story. It is about a small country coming to terms with the tensions of playing out of its economic league.

The America's Cup is one of those institutions known, vaguely at least, virtually everywhere. It carries the prestigious associations, not to mention the beauty of big yachts, that cause advertisers to drool the world over.

If you have noticed the publicity that Oracle and other foreign syndicate sponsors have generated in the international media this summer, you would have struggled to find reference to the actual holder of the America's Cup or the venue.

Team NZ will be sailing next weekend against a boat with a much bigger budget, and that would have been so if any one of the serious syndicates had won the right to challenge.

Every professional sport in this country must beat nationalistic drums to offset the lure of larger economies. It is the reason the Rugby Union denies All Black jerseys to players who go overseas. But it holds few of them forever and does not, now, abuse them when they leave.

The country's continued success depends on replenishing the supply of good competitors keen to wear its colours. When they cash in we can wish them well - and bring on the ones to beat them.

nzherald.co.nz/americascup

Racing schedule and results

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.
Save

    Share this article

Latest from New Zealand

live
New Zealand

Fibre outage top of South Island, Tasman residents evacuating, Auck Harbour Bridge hit by high winds

02 Jul 08:07 PM
Herald NOW

Sean 'Diddy' Combs acquitted of sex trafficking, convicted on lesser charge

Herald NOW

Local Government nominations open on Friday

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from New Zealand

Fibre outage top of South Island, Tasman residents evacuating, Auck Harbour Bridge hit by high winds
live

Fibre outage top of South Island, Tasman residents evacuating, Auck Harbour Bridge hit by high winds

02 Jul 08:07 PM

Rain started falling at the top of the country before dawn.

Sean 'Diddy' Combs acquitted of sex trafficking, convicted on lesser charge

Sean 'Diddy' Combs acquitted of sex trafficking, convicted on lesser charge

Local Government nominations open on Friday

Local Government nominations open on Friday

No 10 insisting UK PM didn't make Chancellor cry

No 10 insisting UK PM didn't make Chancellor cry

From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP