Team NZ boss Grant Dalton.
Photo: PhotoSport
The offer involved cash and in-kind support worth about $99 million.
Auckland Mayor Phil Goff said Aucklanders would be disappointed Team NZ was looking to move the next regatta overseas.
Team NZ wanted twice what was on offer, Goff said. That clearly was not sustainable in the post-Covid environment. While I understand Team New Zealand have to think about their commercial interests, I share Aucklanders disappointment that the Cup is looking like it is going overseas. Council invested $113 million in infrastructure for this year s successful America s Cup and made a huge effort to deliver it on time and on budget.
The decision to fall in line follows rejection of govt/council funding offer.
The leader of an attempt to wrest control of the America’s Cup venue decision away from Emirates Team New Zealand and toward Royal New Zealand Yacht Squadron members has fallen
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Team NZ head Grant Dalton, left, Glenn Ashby, and skipper Peter Burling returning with the America’s Cup in 2017. Minister of Economic Development Stuart Nash said it was disappointing a deal could not be reached. “At the end of the day the America’s Cup is a global commercial operation. It is an international business as much as a sporting contest,” he said in a statement. “The team is now free to look to commercial sponsors, private supporters, or other avenues to bankroll the operation. “Any subsequent request for Government support would have to be considered by Cabinet and I cannot confirm whether the Crown would consider making another offer.”
’Auckland Mayor Phil Goff says Aucklanders will be disappointed at Emirates Team New Zealand’s decision to look overseas for the next America’s Cup defence. “Moving the race overseas would be the first time a successful New Zealand team has not defended .
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