NZ government withholds Team NZ funding amid funding probe
(WorldNews Sport)

AUCKLAND, New Zealand (AP) — The New Zealand government has cut funding to Team New Zealand while it investigates whether public money has been misused in its staging of next year`s America`s Cup. The Ministry of Business, Innovation and Employment said in a statement Thursday it would make no further payments to the America`s Cup defender until its investigation has been completed. The business ministry said it had paid 29 million New Zealand dollars ($19 million) of a NZ$40...