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

13 Sep: A promising start for the Black Foils on the opening day of SailGP racing in France

22 Aug: Black Ferns legend Portia Woodman-Wickliffe is touting the influence of American rugby star Ilona Maher as revolutionary

13 Aug: An America's Cup every two years will draw more fans and sponsors

13 Aug: Will Peter Burling sail aboard Luna Rossa after confirmation of the 38th America's Cup protocol?

20 Jul: New Zealand is fourth after the opening day of the latest Sail GP event in Portsmouth

30 Jun: Rower Logan Ullrich has won his first World Cup title in the single sculls at Lucerne, while in Prague kayak cross paddler Finn Butcher has added a maiden World Cup title to his Olympic gold

30 Jun: Logan Ullrich has delivered a shock single sculls gold at the World Cup rowing regatta in Lucerne

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