America’s Cup - knowing the cost of everything and the value of nothing

The AC75s captured the public's imagination (Image: BusinessDesk)

Fri, 23 Jul 2021

It’s odd that a nation like New Zealand, with its disdain for flashy displays of wealth, still rallies behind the extravagance of the America’s Cup.We don’t just like winners – we’ve been backing our well-heeled boys for decades in their dogged pursuit of the Auld Mug whether they win or lose.So it’s a bit rich to see the slew of headlines decrying the poor return on investment from the government and Auckland council funds that were poured into hosting the event.A handful of reports came out this week offeri...

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