Please select your home edition
Edition
Selden 2020 - LEADERBOARD

America's Cup: Dalton pleased with outcome of massively compromised event

by Sail-World NZ/America's Cup Events 20 Jul 04:32 PDT 20 July 2021
Emirates Team New Zealand win the 36th America's Cup © ACE / Studio Borlenghi

America’s Cup Event Ltd (ACE) has released its event delivery report for the 36th America’s Cup presented by Prada. The report is independent of the NZ Government/Auckland Council report which was also released today, but which focuses on financial and economic aspects of the 36th America's Cup regattas.

With one exception, the ACE report has not been mentioned by New Zealand media, who have instead focused on the NZ Govt and Auckland Council report issued later.

The ACE report properly excludes all legacy infrastructure cost, while the Auckland Council/NZ Govt puts that cost into the financial analysis for the event and comes up with a staggering cost of $766million to stage the 36th America's Cup.

A comprehensive review on all aspects of the delivery of the event by ACE of what was ultimately a highly successful global event given the challenges of organising an event of this scale in New Zealand and the unprecedented restrictions due to COVID19. The report makes a number of observations as to what worked and didn't in the context of AC36, and how that could be carried over into AC37. It will no doubt be keenly read by venues looking to host the 37th America's cup.

As previously reported, AC36 was the most-watched America’s Cup of all time, with a Total global audience of 941m people and a dedicated audience of 68.2 million viewers across the world, in 236 territories, viewing 52 hours of Live broadcast, putting Auckland, New Zealand and the America’s Cup firmly in the spotlight around the globe. Curiously the Auckland Council/NZ Govt report rates the value of the exposure at just $5million based on Auckland tourism impact only.

The America’s Cup race village had a total village attendance of 860,000 visitors over the race period (15 Dec- 17 March). Visitor numbers are about a third of this number as the Auckland Council/NZ Govt report claims to count individuals only regardless of how many times they may have crossed the venue threshold. The ACE visitor number is based a count of the total visits regardless of how many times a Cup fan entered the America's Cup environment.

A legacy of the 36th America’s Cup has seen 26 new boats, used as course marshal boats be given to Coastguard for reassignment to posts around the country.

Also released today, the Hosts’ ‘Post AC36 evaluation report’ of the event which included the Cost Benefit Analysis of the event which included an assessment of social, cultural and environmental costs and benefits as well as the financial impact.

The cost-benefit analysis (CBA) identified that, Auckland had a cost benefit ratio of 0.85, and New Zealand had a cost benefit ratio of 0.79- this even with the significant restrictions of COVID19. When considering financial returns only, Auckland got 72 cents back for every dollar put in. The same measure for New Zealand equates to 48 cents back for every dollar put in.

As anticipated the overall economic return of the event was much lower than forecast due to the overarching impacts of COVID-19, significantly restricting international visitors, media and superyachts and teams as well as a reduced number of public race days in the race village due to increased COVID alert levels and the Hosts costs being higher than forecast.

America’s Cup Event CEO Grant Dalton said, “Under the circumstances we are really pleased with the cost benefit analysis announced today. To have a cost benefit ratio of 0.85 for Auckland on an event that was massively compromised because of COVID-19 and the closed borders to international visitors, international media and superyachts.

Certainly the world changed significantly since we won the America’s Cup in 2017, and essentially the entire organisation of the event was flipped on its head one year out so even just the fact we managed to achieve putting on a successful major global sporting event in Auckland, while the majority of the world was locked down was a huge achievement.”

At the end of the report the Challenger of Record Luna Rossa and Event sponsor Prada comment on their relationship with the 36th America's Cup saying they did not feel that "COR and ACE were rarely in the same waka (boat). They called for a direct line between the COR, the Hosts (NZ Govt) and City would have been "very helpful indeed". And further "the treatment of COR by Panuku in relation to the AMG structures on Halsey Wharf left a sour taste in the mouths of COR"

The Challenger of Record noted that the standard of the America's Cup Village and facilities was significantly higher than for previous America's Cups. Prada invested $150million into the 36th America's Cup event.

The detailed report can be downloaded by clicking here

Related Articles

America's Cup: Valencia Revisited?
A report in the Spanish media indicates that a new bid is in the running for the 37th America's Cup A report in the Spanish media indicates that a new bid from Valencia, Spain is in the running for hosting the 37th America's Cup. Posted on 15 Oct
America's Cup: Big calls ahead for Superstars
Tough calls ahead for Burling and Tuke as they try to balance their 2024 dance card Peter Burling and Blair Tuke announced their arrival back into New Zealand, this week, with a media release making it clear the duo had not re-signed with Emirates Team New Zealand. Posted on 15 Oct
Gladwell's Line: Life in Lockdown Land
In the alternate universe - Planet Cherub - it is great to see the Lockdown being put to good use In the alternate universe - Planet Cherub - it is great to see the Lockdown being put to good use, where the home-build virus seems to be running amok. Fortunately no vaccination is available, and frankly the more who catch it the better. Posted on 12 Oct
Start of a 35yr America's Cup dynasty
New Zealand's now 35 year America's Cup dynasty began October 5th 1986 on Gage Roads, Fremantle New Zealand's now 35 year America's Cup dynasty began October 5th 1986 on Gage Roads, Fremantle, when KZ-7 faced Heart of America in Race 1 of Round Robin 1 in the 1986/87 Louis Vuitton Cup. Posted on 5 Oct
America's Cup: INEOS Britannia announce line-up
America's Cup: INEOS Britannia reveal their Formula 1 and America's Cup line up INEOS Britannia, the Challenger of Record for the 37th America's Cup have announced their design and management team lineup at a live broadcast from Mercedes-AMG Petronas F1 team's headquarters at Bracknell UK. Posted on 4 Oct
America's Cup: Two F1 teams set to enter AC37
Sail-World understands that two F1 teams are set to partner up with challenger teams for AC37 Sail-World understands that two Formula One teams are set to partner up with challenger teams for the upcoming America's Cup. Posted on 4 Oct
America's Cup: American Magic's defining moment
American Magic's capsize on Day 3 of the Prada Cup was one of the unforgettable moments of AC36 In this new video, American Magic's skipper Terry Hutchinson and others share their memories of the campaign-defining mark rounding and subsequent events, at the end of the penultimate leg of Race 3 of Round Robin 2 of the Prada Cup. Posted on 3 Oct
America's Cup hosting costs overcooked
A change in the financial analysis method for AC36 has upped the "cost" by several hundred percent Significant issues have emerged in the post-event reporting on the 36th America's Cup. They have been highlighted by Irish media reporting a stellar "cost" of staging the next edition. The Event only cost was €27million. Posted on 1 Oct
America's Cup: ETNZ gybes of Kiwi Defence maverick
ETNZ dumps a maverick group claiming to be able provide funding assistance with AC37 AC37 Defenders Emirates Team New Zealand has dumped a maverick kiwi group claiming to be able provide funding assistance with an Auckland Defence of the America's Cup. Posted on 22 Sep
Gladwell's Line: Irish caned over Cup indecision
Irish media cane Ministry of Sport bureaucrats over "indecision" on AC37 hosting The Irish editions of the weekend and Sunday newspapers have taken the Ministry of Sport bureaucrats to task over their "indecision" on the America's Cup hosting bid for Cork. Posted on 20 Sep
Selden 2020 - FOOTERJ Composites 2020 - FOOTERC-Tech 2020 Tubes 728x90 BOTTOM