Thank you , Mr Norman. I actually watched the end of this mornings (GMT+12) race, I normally find boat racing as interesting as watching paint dry.
The catamarans ability to go up on foils certainly makes it more interesting.
Funnily enough, this thread has a railway theme, the originator of the first Team NZ challenge, (now Sir) Michael Fay, was one of the principals of Fay and Ritchwaite, the company that advised the NZ government on preparing the then New Zealand railways for privatisation. They then somehow managed to partner with Wisconsin Central in buying it. This was about the time of the cup challenge, and Michael Fay was elevated to the heights of Edmund Hillary as a national icon.
Hence it appears a blind eye was turned to this , and the consequent asset stripping that followed. I think I have posted about this before.
https://en.wikipedia.org/wiki/Michael_Fay_(banker" onclick="window.open(this.href);return false;)