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Emirates Team New Zealand fails to reach hosting agreement for America’s Cup

Luna Rossa Prada Pirelli competes against Emirates Team New Zealand during race ten on day seven of the 36th America's Cup (Photo by GILLES MARTIN-RAGET/AFP via Getty Images)

Emirates Team New Zealand has announced that it has been unable to reach an agreement to stage the 37th edition of the America’s Cup sailing event in Auckland and will now commence discussions with other n…