Double Olympic medallist Ben Ainslie and Barcelona representative Andy Hemmings have been named in the crew for Team New Zealand's attempt to win back the America's Cup in Valencia in 2007. TNZ will receive $21m (£11.8m) from Emirates Airlines and a top-up of $18m, contingent on support from the New Zealand government. Ainslie, who is preparing for a third medal in the larger singlehanded dinghy, The Finn, was a member of the OneWorld Challenge in Auckland in 2002-03. Hemmings was part of Italy's Prada Challenge.
Iain Percy recently left and TNZ have handed control to Grant Dalton, whose team includes Britain's Andy Claughton as design co-ordinator. Nick Moloney, in Skandia, and Conrad Humphreys in Hellomoto, secured places in the Open 60 monohull division of The Transat singlehanded race.