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✅ Yes, the content seems to be true and authentic, as reported by several sources.
These, include:
1. https://emirates-team-new-zealand.americascup.com/en/news/748_STATEMENT-FROM-EMIRATES-TEAM-NEW-ZEALAND-ON-AUCKLAND-HOSTING-OF-38TH-AMERICAS-CUP.html - (Trust Score 8/10)
- Emirates Team New Zealand has confirmed that the New Zealand Government has decided not to back the 38th America’s Cup hosting in Auckland.
2. https://www.sail-world.com/news/284885/NZ-Govt-turns-back-on-last-Cup-hosting-opportunity - (Trust Score 7/10)
- The New Zealand Coalition Government has collapsed the hosting of the 38th America's Cup by refusing to fund its share of the Event.
3. https://www.sail-world.com/news/284872/Americas-Cup-NZ-Govt-declines-to-fund-Auckland - (Trust Score 7/10)
- Emirates Team New Zealand has confirmed that MBIE and Central Government have decided not to back the 38th America’s Cup hosting in Auckland.