10 November 2003 Team New Zealand cannot guarantee an America's Cup bid yet - but prospects are improving by the day.Managing director Grant Dalton says he is gradually managing to steady the syndicate.He says they have got the right personnel and sponsorship relationships are building enough to make him think a viable challenge is taking shape.Dalton says he will not make a final decision either way on the bid until March 31 next year.Dalton says he does not see any reason to reveal information before then because they do not have enough ammunition in place yet.He says at the moment they are not in a position where they could be competitive at the cup.But Dalton refuses to be intimidated by any billionaire bruisers.He says there is a bit of pressure knowing the Alinghi and Oracle powerhouse syndicates hope you will fall over before you get there.But Dalton says that just adds motivation for the syndicate to get organised.
