NZ Grand Prix wheels wobbling?

SNIP

"Omarama 2007 Grand Prix cancelled!
By John Roake
Posted: March 4 2007

STOP PRESS - LATE NEWS
THE 2007 GRAND PRIX FINAL which was to have been staged at Omarama, New
Zealand, December 19-29 has been cancelled and Gliding New Zealand has
reluctantly advised the International Gliding Commission accordingly. It is
my understanding that it will now be staged in Europe during 2008.
The very successful 2006 segment of this world contest held at Omarama in
New Zealand was organised by a New Zealand company "Airsports Ltd" who had
reason to believe that they would be successful in getting the promotional
rights for the future of this and other FAI events. FAI decided against the
company's proposals during February 2007 with Gliding New Zealand being
asked to carry on the organisation of the 2007 Grand Prix Final. Time
constraints, funding and lack of membership enthusiasm for this form of
competition meant that the parent body for gliding in New Zealand had no
option other than to decline the invitation to organise the contest."

Any (factual) background to what has happened ? And what happens next ?