Team New Zealand head Grant Dalton says having the event there will allow the team to propel its growth trajectory on the global sporting stage.
America's Cup commentator and double Olympic gold medalist, Shirley Robertson, says the team was up against others with unlimited budgets.
She told Kate Hawkesby she's sure it's been a tough decision, but says it will put some energy into the Cup.
Robertson says three European teams are confirmed, and to have the event in Europe will be good for investment and fans.
She says Barcelona is also an easy-to-get-to, loveable city.
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