New Zealand's world champions led the Kiwi revival at the Sailing World Cup in Spain as Jo Aleh and Olivia Powrie and Peter Burling and Blair Tuke worked their way into medal contention.

Team New Zealand spent $153 million in New Zealand over the last America's Cup campaign and injected a net $117 million into the Auckland economy, creating the equivalent of 1234 jobs, a report says.

The taxpayer's $36m investment in Team New Zealand has paid off handsomely according to reports released Steven Joyce today.

An award-winning superyacht exporter has been forced to axe more than 70 jobs and is blaming the Government for failing to take action against the strong NZ dollar.

Day three was a knife edge day with conditions liable to create big gains or ruin the regatta for the leading teams. In the end, amazingly, things ended up pretty much as they were at the start. ETNZ still in 3rd place, now only 5 points off the lead going into the final day tomorrow.

The cult classics of the Auckland sailing scene take to the water for the 93rd year today to do battle for one of New Zealand yachting's most coveted prizes, the Lipton Cup.

While $36 million of taxpayers' money may not have secured the America's Cup for New Zealand, a greenstone replica can be yours for a cut-price $70,000.

Day 3 of the Extreme Sailing Series saw more intense action as the breeze across the race course fluctuated from a gentle five knots to sudden gusts of 25.

The day was marked by a serious collision between Groupama and Aberdeen Singapore, as one of the strongest gusts of the day swept through the fleet. No one was hurt, but Groupama’s rig came down as Aberdeen rode over the top of Groupama and the yachts were locked together.

Day two of the Extreme Sailing series, summary from Dean Barker.

Emirates Team New Zealand finished the first day of the Extreme Sailing Singapore regatta fourth overall. Sitting on 46 points, they are only two shy of third and second placed teams and 10 from the leader. They started and finished the day with a win. Fortunes fluctuated for every team in the very shifty breeze that was a light four to 10 knots.

The first Act of the 2014 Extreme Sailing series begins on the 20th of February. Preparations are keeping skipper Dean Barker busy as he looks ahead to his first event back on the helm.

Barker answered Henry's probing questions with hesitancy, looking as if secret information was being prised out of him, writes Paul Lewis.

His decision demonstrates the tricky position Dalton was in, trying to balance the demands of sponsors and stakeholders with those of the team, writes Dana Johannsen.

Team NZ boss Grant Dalton says skipper Dean Barker was "ambushed'' when he made critical comments about his role in last year's America's Cup campaign.

With his position on the boat in question, Barker felt the need to point out that a lot of the decision-making was taken out of his hands, writes Dana Johannsen.

Team NZ skipper Dean Barker last night conceded questions were asked over team boss Grant Dalton's decision to agree to a lay day during the America's Cup was "clearly a mistake".

Peter Burling's who is already seen as one of the great young sailing talents in this country continue his golden run.

While much attention is focused on the ongoing search for a venue for the next America's Cup in 2017, the real problem appears to be the plans

World champions Jo Aleh and Polly Powrie won the 470 class on the final day of the Oceanbridge Sail Auckland regatta.

Ministerial credit-card records were released yesterday. So how much did Ministers spend on travelling to the America's Cup regatta in San Francisco?

Team New Zealand have lost a key designer to Artemis as syndicates firm up their design teams ahead of the release of the new class rules.

Champion UK sailor Sir Ben Ainslie came close to quitting the sport after the death of his friend at the America's Cup, but went on to help defeat Team NZ, he has revealed.