INEOS Team UK can't be written off, says TNZ chief exec

FILE PHOTO: Emirates Team New Zealand's Managing Director Grant Dalton speaks to journalists during the America's Cup World Series regatta in Naples April 11, 2012. REUTERS/Alessandro Bianchi

(Reuters) - INEOS Team UK were well off the pace in the December regatta but it would be a mistake to write them off ahead of the challenger series to decide who meets Team New Zealand for the America's Cup, TNZ chief executive Grant Dalton has said.

The British team's challenge suffered a major setback last month with 'Britannia' losing each of their World Series races, while TNZ dominated.