Matt Brown reports.

It's understood another syndicate has also entered.

The Royal New Zealand Yacht Squadron and Team New Zealand have been approached for comment.

>> More Sailing News

Other Sailing News

17 Dec: Kiwi sailor Andy Maloney is on the move in SailGP again, joining Artemis Sweden as flight controller

15 Nov: The All Whites' pair of South American football friendlies could give coach Darren Bazeley valuable insight heading towards next year's World Cup

12 Oct: A podium finish is within reach for New Zealand yachties Isaac McHardie and Will McKenzie heading into the final day of the World Sailing Championships in Italy

04 Oct: The Black Foils believe qualification for the SailGP winner-takes-all season finale is within their reach

03 Oct: Wing trimmer Blair Tuke believes the Black Foils have learned plenty from a poor showing in their most recent outing in SailGP

23 Sep: After a century of playing simply for prestige, the American Ryder Cup golf team is being paid for the very first time...but those greenbacks may not be going into their back pockets

22 Sep: Frustration for the Black Foils off the Geneva coast

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