4.53pm
SEATTLE – The OneWorld Challenge America's Cup team has withdrawn an application to the America's Cup Arbitration Panel (ACAP) against Team New Zealand, filed on August 11.
The challenge syndicate says outstanding issues between the teams were resolved at a meeting yesterday.
The meeting resulted in a further filing, signed by both parties, requesting that the panel return three canisters of OneWorld's plans, currently being held by the ACAP Registrar, to OneWorld's Seattle legal counsel.
OneWorld says if needs the cannisters as part of court action it is taking in the United States against a former syndicate employee, Sean Reeves.
OneWorld said it was satisfied that the actions taken by Team New Zealand to deal with the unsolicited delivery of the OneWorld Challenge plans was entirely appropriate under the circumstances, and that no further action was required.
"I first met the men at Team New Zealand when Craig McCaw assisted with their funding during America's Cup XXX," said One World chief executive Gary Wright.
"I have always felt that we could be honourable and sportsmanlike with one another.
"I believe we have settled any potential issues that have been or could possibly come between our teams and my hope now is that the next time we meet, it is on the waters of the Hauraki Gulf."
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OneWorld withdraws application against Team NZ
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