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Cork Harbour Bid for America’s Cup Would Likely Have to Beat NZ’s Rejected €58M Offer

16th June 2021
Emirates Team New Zealand against the Auckland city skyline in the 2021 America’s Cup
Emirates Team New Zealand against the Auckland city skyline in the 2021 America’s Cup earlier this year Credit: Studio Borlenghi

New Zealand’s reportedly rejected multi-million-euro offer to host the next America’s Cup could give some indication of how much Cork Harbour’s ambitions would cost.

According to Marine Industry News, the Auld Mug holders Emirates Team New Zealand are opening discussions abroad after turning down a bid from their home nation’s government worth NZ$99 million, or some €58.3 million.

It’s being reported that ETNZ is seeking a package worth more than double that number — which would put any price for Cork Harbour and other interested parties around the world into nine figures.

NZ prime minister Jacina Ardern is quoted as saying: “The ball is in their court. We believe we’ve made a decent offer, and now it’s for them to resolve where the cup will be raced.”

As reported earlier today on Afloat.ie, Cork Harbour is lining up a bid for the rights to host the prestigious yacht race in 2024.

MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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