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New Zealand withdraws Auckland's bid for 2027 America's Cup due to lack of government funding.
The New Zealand government has declined to fund the 38th America's Cup in Auckland due to other national priorities, causing the city to withdraw its bid.
Despite private and local support, the central government decided against backing the event in 2027.
Athens and Naples are likely to host the prestigious sailing competition instead.
The decision highlights the need for a sustainable funding model for major events in New Zealand.
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Nueva Zelanda retira la oferta de Auckland para 2027 America's Cup debido a la falta de fondos del gobierno.