America's Cup: Emirates Team New Zealand welcomes Venue Decision

Emirates Team New Zealand COO Kevin Shoebridge (left) and CEO Grant Dalton are now looking forward to a multihull America’s Cup in San Francisco

Emirates Team New Zealand managing director Grant Dalton said the team was pleased to finally know where the 34th America’s Cup will be held.

'We have always said we favoured San Francisco in 2013 and that’s what we’ve got.

'Now all the pieces of the America’s Cup puzzle are in place – protocol, venue, year, yacht and design rule. Prospective challengers can start working on funding their campaigns.'

Dalton said Emirates Team New Zealand had spent months examining the design, build and crewing demands of a multi-hull campaign and had found nothing that would deter the team from challenging given a sufficient level of funding.

'We have consulted some of the top international multi-hull designers and engineers and sailors. We have a way forward.

'Now I must start a round of meetings with current and potential sponsors to secure the funding a credible challenge will require.'