WELLINGTON (Reuters) - New Zealand's government has provided a NZ$5 million (2.62 million pounds) investment to the Team New Zealand America's Cup syndicate to stop their top design and sailing personnel being poached as they look to build another campaign for world's oldest sporting trophy.
Team New Zealand (TNZ) were beaten by holders Oracle Team USA, backed by software billionaire Larry Ellison, in a winner-take-all final race on San Francisco Bay last month, capturing the imagination of the nation and providing valuable global exposure and networking possibilities to local businesses.
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