The three parties announced, on Wednesday, the failure of the New Zealand team, the government of New Zealand and the city authorities of Auckland to agree to host the next edition of the America’s Cup, which considers “TNZ” the title holder.
Despite its name, Team New Zealand is a private organization and is not obligated to organize in New Zealand to defend its title in the prestigious sailing competition, the next edition of which is due to take place in 2024.
“The three parties worked through these talks with good intentions… but were unable to reach an agreement at the end of the three-month period of exclusive negotiations,” Team New Zealand said in a report. communication.
New Zealand minister in charge of the file Stuart Nash said the government had made a “generous offer” of NZ$99 million (about €58 million), “but in the end, the cut in America is still a business process,” and lamented.
New Zealand media claimed that Team New Zealand wanted at least double that amount.
This means that regattas can be held in places other than New Zealand waters, unlike three times TNZ has had to defend its title so far, the last in March against Italian Luna Rossa (win 7-3).
The British Isle of Wight, Valencia (Spain) and Dubai (UAE), are especially expected, even if no official announcement has been made.