Sailing - 36th America's Cup - Waitemata Harbour, Auckland, New Zealand - March 17, 2021 Emirates Team New Zealand's Steven Ferguson celebrates winning the 36th America's Cup with the trophy REUTERS/Simon Watts
(Reuters) - Having retained the America's Cup, New Zealand hopes to lock down the defence of the 'Auld Mug' in home waters amid reports the Royal Yacht Squadron, which represents Ben Ainslie's INEOS Team UK, has already been accepted as the Challenger of Record.
After Team New Zealand completed a 7-3 win over challenger Luna Rossa on Wednesday, the New Zealand government was quick to pledge funding to keep the sailing outfit intact -- but with strings attached.
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