New analysis suggests America’s Cup bid could cost €400 million to host

The financial risks associated with the event were communicated to the coalition party leaders on Tuesday night

19th September, 2021
New analysis suggests America’s Cup bid could cost €400 million to host
Pearse Flynn, who is planning to build Ireland’s first green hydrogen production facility In Aghada, Co Cork. Picture: Clare Keogh

The final bill to host the 2024 America’s Cup could exceed €400 million, according to an analysis which prompted the government to defer a decision on accepting an offer from the event organisers, the Business Post understands.

That figure would be more than twice that estimated by EY in the cost-benefit analysis it prepared for the department. EY estimated the cost of hosting the event to be in the region of €150 million with...

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