Backing for Team New Zealand’s efforts to retain the Americas Cup was announced by Fisher & Paykel Appliances. The package consists of a significant financial contribution to the defense fund as well as appliances for the team base facilities. Team New Zealand and Fisher & Paykel Appliances share much in common as both organizations are faced with the challenge of competing against much larger and better-funded opposition, including Oracle and BMW, according to a company spokesman. First sailed in 1851, the America's Cup is the oldest trophy continuously awarded in sport. It has been at the forefront of design technology, national honor, diplomacy and politics ever since.
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