Minister refuses to reveal 'megabucks' Team NZ salaries

Economic Development Minister Steven Joyce won’t reveal Team New Zealand’s salaries, paid by the taxpayer’s $5 million bridging funding, saying they’re confidential.

In October last year, the government announced a $5 million “interim investment” to retain key Team New Zealand members ahead of the next America’s Cup.

That was after a $36 million government investment in Team NZ’s last campaign, which ended in Oracle’s stunning come-from-behind victory.

 

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