D'Arcy Waldegrave: Sportstalk host on Team NZ confirming the 38th America's Cup will not be hosted in Auckland - Heather du Plessis-Allan Drive

Auckland's chances of hosting the 38th America's Cup defence in 2027 have sailed over the horizon without Government investment.

Team New Zealand has responded with a statement, saying the syndicate completely understands as 'times are tough'.

Sportstalk host D'Arcy Waldegrave explains further.

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.