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3w ago

Team New Zealand Withdraws 2027 America's Cup Hosting Bid

Citing lack of government economic support, the three-time defending champions will not host the prestigious regatta in Auckland, opening the door for European cities to compete for hosting rights.

Sailing - 37th America's Cup - New Zealand v Britain - Barcelona, Spain - October 19, 2024 Emirates Team New Zealand celebrate with the Auld Mug trophy on the podium after winning the 37th America's Cup REUTERS/Nacho Doce/File Photo
Team New Zealand's co-skipper and helmsman Peter Burling raises the America's Cup in Barcelona last year

Overview

  • Emirates Team New Zealand confirmed they will not host the 2027 America's Cup due to the New Zealand government's decision to withhold economic support.
  • The team had initially planned to hold the event in Auckland, leveraging the city's history as a host in 2021 and earlier editions.
  • New Zealand successfully defended the America's Cup in Barcelona in October 2024, marking their fifth overall victory since 2017.
  • An economic impact study found the 2024 event in Barcelona generated over 1 billion euros in economic benefits, underscoring the financial stakes of hosting.
  • European cities are now emerging as contenders for the 2027 regatta, reflecting a shift in the global competition for hosting rights.