[4] In 1995, TNZ beat Team Dennis Conner 5–0 in a major upset off San Diego, California[5] after winning the right to challenge in the Louis Vuitton Cup.

"[6] The winning yacht, NZL 32, was shipped back to New Zealand and given to the Te Papa Museum, and is now housed in an extension to the northern end of the National Maritime Museum in Auckland as part of a permanent exhibition, Blue Water, Black Magic, about Sir Peter Blake.

[7][8] TNZ (NZL 60) beat Italy's Prada Challenge (Luna Rossa) 5–0 in the 2000 match held on Auckland's Hauraki Gulf.

A notable feature was Russell Coutts handing over the helm to Dean Barker in the final race.

In late 2003, TNZ announced their intention to challenge Alinghi at the 2007 Valencia America's Cup, with Emirates on board as title sponsor, and Grant Dalton as Team Boss.

They won their semi-final series 5–2 against Desafío Español 2007 and qualified for the Louis Vuitton finals against Luna Rossa.

Team New Zealand hosted the Louis Vuitton Pacific Series in January and February 2009 on the Waitematā Harbour in the Hauraki Gulf, Auckland.

On Sunday 21 March 2010, Emirates Team New Zealand won the final of the Louis Vuitton Trophy Auckland regatta with a 56 sec win over Mascalzone Latino.

[10] On 13 April 2010, along with Camper, the Spanish-based international footwear manufacturer, Emirates Team New Zealand announced that it would compete in the Volvo Ocean Race in 2011–12.

The campaign was run by Emirates Team New Zealand and skippered by Olympic and round-the-world yachtsman Chris Nicholson.

On 21 April 2011, Grant Dalton and Emirates Team New Zealand announced their entry for the 2013 America's Cup regatta to be held in San Francisco in 2013.

[12] Since Team New Zealand's July 2012 launch, their first AC 72 boat proved fast and reliable, foil sailing for long periods of time at speeds over 35 knots (65 km/h; 40 mph) with no breakages.

Emirates Team New Zealand ruled out any post-racing legal challenge, with ETNZ syndicate head Grant Dalton stating that Oracle's automated stabilisation system had been checked and approved by the official measurers before the start of racing, and that taking legal action would be "an incredibly bad thing to do.

"[17] In January 2014, Emirates Team New Zealand announced the signing of 2013 49er World and European Champions and 2012 Olympic Silver Medalists, Peter Burling and Blair Tuke.

[18] On 25 June 2014 Team New Zealand confirmed their intention to challenge, as they had gained sufficient private financial backing to need no further government assistance.

Luna Rossa defeated Ineos 7 – 1 and faced Emirates Team New Zealand in the 36th America's cup from 6 – 18 March 2021.