The Government is investigating a $3m payment to a Hungarian bank account.
The team says it 'completely categorically' hasn't misused public funding.
Serious accusations are emerging over the America's Cup defenders' use of public money.
Chris Dickson believes it will have a definite effect on Team New Zealand's 2021 campaign.
They worked out of the team's headquarters and allegedly shared confidential information.
Team New Zealand says its suspicions were raised six months ago
Teams have been unable to get into the country.