New Zealand Yachting Funds Increased

It is expected that Yachting New Zealand will regain its position and will be sent back in form soon.

It seems like Yachting New Zealand will uphold the momentum that it achieved at Rio Olympics and have a good chance of repeating things. Reason for this is increasing in funding of Yachting from (HPSNZ) High Performance Sport New Zealand. Yes, HPNZ has increased the funding of club considering its performance and need.

From this Olympic cycle Yachting will get 15.1 million NZD dollar from HPSNZ, the funding will remain continue for four years. Yachting, used to receive 12.45 million dollar, NZD from HPSNZ till the last Olympic cycle. But, considering the need of game the core funding of the game has been increased.

In2016’s Olympic Yachting New Zealand savored big success; the single game was able to secure four medals in different categories. Peter Burling and Blair Tuke won gold in the 49er, Polly Powrie and Jo Aleh, Molly Meech and Alex Maloney won silver medal in both women’s 49erFX and 470. Sam Meech won bronze medal in the Laser. Those in 1992 Barcelona Games Yachting bagged same number of medal and Rio Olympic medals were in equal number to that.

And it is not the end of the performance of Yachting New Zealand’s performance story, all seven boats that were in championship finished in top 10 ranking. Moreover, it was also not the first time when Yachting brought medals for New Zealand in this number. In 2012 London Olympics too, Yachting bagged two medals.

Chief Executive of Yachting New Zealand, David Abercrombie said “By receiving funding of 15.1 million NZD dollars, we are delighted. This is true recognition of our great results in Rio Olympics 2016 and our effort in converting Fast Track athletes into the programmer of Olympic.”