NZ report shows securing America's Cup could be costly for Ireland

New Zealand’s “post event” report on the 36th America’s Cup found that the overall economic return of the event was much lower than forecast.

Simon Coveney may have been softening us up for harsh financial realities behind hosting the America's Cup when he warned it would not be a cheap event to host.

But if New Zealand’s “post event” report on the 36th America’s Cup (AC36) is anything to go by, his cautionary words are timely.