Published on November 22nd, 2021While it is not a requirement for the America’s Cup defender to host the event in their home waters, it is expected. But for Team New Zealand, which seeks the unprecedented achievement to win the America’s Cup three times in a row, they are pondering this unthinkable action for a third reason – necessity. This comes as cash-strapped Team New Zealand consider lucrative offshore options, needing to confirm a host venue by March 31. “The consequences of not doing so are potentially dire – no cup defense at all, and giving the America’s Cup back, having been unable to stage a defense and meet obligations under the Deed of Gift. “This means a loss of the America’s Cup, a loss of our Team New Zealand, and the potential loss of any future America’s Cup challenges from the RNZYS, and most likely New Zealand.

Source: Stuff November 22, 2021 21:42 UTC