Defeated New Zealand skipper says America’s Cup team could fold 

click to enlarge Team New Zealand
  • AP Photo/Marcio Jose Sanchez
  • Emirates Team New Zealand members stand on the podium after Oracle Team USA won the America's Cup sailing event, Wednesday, Sept. 25, 2013, in San Francisco.
Team New Zealand skipper Dean Barker says “the vultures are already circling” the defeated America’s Cup challenger and that the team will likely fold unless action is taken to secure its future.

Barker told New Zealand’s TV3 network on Tuesday “a small window of opportunity” existed to raise the funds needed to continue and ensure a fresh challenge for sailing’s oldest trophy.

Team New Zealand, partially funded by the government, led 8-1 before being beaten 9-8 by Team USA in the America’s Cup Finals series that ended last week on San Francisco Bay.

Barker said rival teams were poised to swoop in on New Zealand’s top sailors.

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