The government suspended funding for the America's Cup yesterday, amid claims of financial mismangement, which potentially involves public funds. It comes after allegations of spying, claims of misappropriated funds and a police investigation into a scam which led to money being sent to a Hungarian bank account. So, is the competition on the rocks - or is it full speed ahead to March next year? Dr Hamish Ross has a doctorate in law relating to the America's Cup - and has been involved in the legal side of the competition for the last 25 years. He told First Up he's confident the event will still go ahead.
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