America’s Cup defender Team New Zealand is shopping the hosting rights for the 37th edition, and the New Zealand Herald reports how the home crowd may not get to see their team defend at home:
The chances of the America’s Cup being defended in New Zealand appear to be slipping, with an offer worth around 100 million NZD (72.5m USD) from the Government and Auckland Council apparently rejected.
A team of negotiators appointed by the Crown have been trying since March to thrash out a deal with Team New Zealand, which beat Luna Rossa to retain the Auld Mug on March 17.
The final race of the 36th America’s Cup kicked off a three-month period of good faith negotiations, during which Auckland had the first right of refusal to host the next match. That window ends on June 17…