The 35th America’s Cup was recently concluded and there are assessments being commissioned to check the economic impact of the same on Bermuda.

One of the consultancies hired for the work is Pricewaterhouse Coopers. They are conducting a survey independently, which is targeted to be completed by the month of October as per the ministry of economic development.
The victors of this year’s legendary America’s Cup were the Emirates team New Zealand. As the Minister of Economic Development, Grant Gibbons was giving away the victory trophies he stated that, a sailing event of this magnitude has not been hosted by Bermuda before. The success of the event has put the economy of the region in a position to host international sailing events of such magnitude in the future as well. He also acknowledged the fact that the forthcoming version of the America’s Cup, 36th edition scheduled in 2021, would be held in New Zealand. The teams that participated in AC35 such as the Land Rover BAR, Team France and Emirates team New Zealand would be leaving Bermuda as July comes to an end. Continue reading