Cost-benefit analysis of Ireland's bid for America's Cup due this week

Foreign Affairs Minister Simon Coveney and Taoiseach Micheál Martin at the tricentenary maritime parade for Royal Cork Yacht Club. Picture: Darragh Kane

A cost-benefit analysis on securing the America's Cup for Ireland is to be completed this week, with Foreign Affairs Minister Simon Coveney "hopeful" the country will secure the global event in mid-September.

Mr Coveney, who has helped spearhead Ireland’s bid for the prestigious yachting contest, said the host venue for the 37th America’s Cup in 2024 will be picked by September 17.