Emirates Team New Zealand has confirmed that the defense of the 38th America’s Cup in 2027 will not take place in Auckland. The decision follows an announcement from the New Zealand government and the Ministry of Business, Innovation and Employment (MBIE), stating that they will not provide financial backing due to other economic priorities.

New Zealand Government Declines to Support the Bid

Since successfully defending the 37th America’s Cup in Barcelona last year, Emirates Team New Zealand and the Royal New Zealand Yacht Squadron had been working on a bid to bring the event back to Auckland. The proposal relied on a funding partnership between private investors, local government, and central government. However, MBIE and the government have decided not to proceed, citing the tough economic climate.

Emirates Team New Zealand Responds

In a statement, Emirates Team New Zealand expressed both disappointment and understanding:

“While the significant economic benefits of hosting the America’s Cup and other major events are well proven—such as NZ$1.9 billion (€1.034 billion) of economic benefits in Barcelona in 2024—we understand there are other priorities for the New Zealand government right now.”

Auckland’s failed bid highlights the ongoing challenge of securing government funding for major events, despite the clear economic advantages they bring.

Where Will the America’s Cup Be Held?

With Auckland officially out of the running, attention now shifts to potential host cities for the 2027 event. A decision is expected by June, and European venues appear to be leading the race.

Italian sailing journalist Fabio Pozzo has reported that Naples and Athens are the frontrunners.

• Naples, Italy – The city has a strong sailing heritage, having previously hosted events leading up to the America’s Cup. Italy’s Luna Rossa team is also a key contender in the competition, making Naples a strategic choice.
• Athens, Greece – Although new to the America’s Cup scene, Athens has hosted the Olympics and other major sporting events. The Greek government reportedly sees the event as an opportunity to boost tourism and economic recovery.

Both cities have secured government support, with financial proposals exceeding €100 million, including infrastructure investments.

Missed Opportunity for Auckland and New Zealand’s Economy

Tātaki Auckland Unlimited, the organisation leading the city’s bid, has expressed deep disappointment. CEO Nick Hill highlighted the need for a long-term strategy for funding major events in New Zealand:

“Major events generate significant economic, cultural, and social benefits, including increased tourism, job creation, and international exposure. Without a sustainable funding model, opportunities like this will continue to slip away.”

The hospitality industry has also voiced concern, with Hospitality New Zealand chief executive Steve Armitage calling the government’s decision a “disappointing blow.” He emphasised that events like the America’s Cup stimulate business across hotels, restaurants, bars, and cafés, while also attracting international visitors who boost tourism spending.

What’s Next?

While Emirates Team New Zealand remains committed to defending the Auld Mug, the location of the next America’s Cup remains uncertain. With Auckland out of contention, all eyes are now on Europe to see which city will secure the right to host one of the most prestigious events in sailing.