America's Cup

$1.5b wasted if America’s Cup goes offshore: Dunphy

Pattrick Smellie
Mon, 28 Mar 2022

$1.5b wasted if America’s Cup goes offshore: Dunphy
Barcelona, home to the Sagrada Familia cathedral, is a late entrant to host the 2024 America's Cup. (Image: Getty)
Pattrick Smellie
Mon, 28 Mar 2022
Public and private investment of some $1.5 billion in America’s Cup campaigns since the late 1980s will go to waste if Team New Zealand announces an offshore venue this week, says the head of the campaign to keep the next regatta in Auckland.However, independent oil and gas baron Mark Dunphy has little leverage left in the brinksmanship over the host city decision, which Team NZ appears to be on track to announce in time for its latest deadline, this Thursday, March 31.A decision to head offshore would now most likely only be thwarted by...

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