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flag New Zealand withdraws Auckland's bid for 2027 America's Cup due to lack of government funding.

flag 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. flag Despite private and local support, the central government decided against backing the event in 2027. flag Athens and Naples are likely to host the prestigious sailing competition instead. flag The decision highlights the need for a sustainable funding model for major events in New Zealand.

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