Emirates Team New Zealand and the Royal New Zealand Yacht Squadron (RNZYS) have expressed both disappointment and understanding following the New Zealand Government’s decision not to back Auckland as the host city for the 38th America’s Cup in 2027.
Since securing victory in the 37th America’s Cup in October 2024, Emirates Team New Zealand and the RNZYS have actively explored the feasibility of hosting the next edition of the prestigious sailing event in Auckland. Their efforts centered on securing a balanced mix of private investment, local government backing, and central government support, without diverting funds from other critical national priorities in a challenging economic environment.
Emirates Team New Zealand acknowledged the crucial role of Tātaki Auckland Unlimited, which has been leading the bid effort, and highlighted the strong private sector support received during the process. However, despite these efforts, New Zealand’s Ministry of Business, Innovation and Employment (MBIE) and the Central Government have chosen not to provide financial backing for hosting the event in Auckland.
“While the significant economic benefits of hosting the America’s Cup and other major events are well proven, such as €1.034 billion ($1.9 billion NZD) in economic impact generated in Barcelona for the 37th America’s Cup, we understand that there are other priorities for the New Zealand Government right now,” Emirates Team New Zealand said in a statement.
The America’s Cup has historically delivered substantial economic and tourism benefits to host cities, and Emirates Team New Zealand has a deep connection to Auckland, having defended the Cup successfully in their home waters in 2000, 2003, and 2021. Despite this setback, the team remains committed to ensuring a strong defense of their title and will continue to evaluate options for the venue of the 38th America’s Cup.
Further discussions and evaluations will now take place as Emirates Team New Zealand seeks to secure an optimal location for the next event, ensuring the best possible outcome for the team and the competition.
