Do the Italians have better accountants?

While the hosting fee for the 38th America’s Cup remains a mystery, the Italian government is getting excited about the economic impact for Italy and Naples to host the 2027 competition.

“We conducted a study together with the Business School of Luiss University, which contains data on the evaluative impact that is absolutely staggering, because in the short term every euro invested doubles and the impact reaches about 690 million,” said Minister of Tourism Daniela Santanchè.

“In the long term, however, it quadruples, with cautious estimates reaching 1.2 billion, so these are numbers that absolutely reassure us, but also in terms of employment, they will be very significant data. There could be between 1,500 and 2,000 jobs in our sector.”

Yet, Barcelona said “no más” after 2024, San Francisco had little appetite after 2013, and Valencia was in the red after 2007. Do the Italians have better accountants?

Details: https://www.americascup.com/

No entries have yet been submitted for the 38th America’s Cup as Defender New Zealand works with the Challenger of Record from Great Britain to organize the event. The two teams have agreed on some details with the venue moved to Naples, Italy after Barcelona, Spain declined hosting another edition. Racing will be in the spring and summer of 2027.