New Zealand’s MBIE and Central Government have declined to support the bid, in the wake of Emirates Team New Zealand and The Royal New Zealand Yacht Squadron winning the 37th America’s Cup in Barcelona in 2024.

Emirates Team New Zealand put out the following statement in response to the decision:

“Since winning the 37th America’s Cup in October last year The Royal New Zealand Yacht Squadron and Emirates Team New Zealand have been intent on exploring the possibility of hosting the 38th America’s Cup in Auckland with the understanding it would take a combination of private backing, Local Government as well as Central Government support to make it happen, but not at the expense of funding other priorities in the tough economic climate.

“In this time, the team have had comfort in the level of private support and have been working with Tātaki Auckland Unlimited who have been proactively spearheading the bid.