A decision on whether Cork Harbour could host the 2024 America’s Cup is expected within weeks.
Team New Zealand are said to be keen to reveal the host very soon, with an announcement expected on September 17.
EY is currently in the process of finalising a cost-benefit analysis for Cork to host the event.
The Echo reports Cork TD and Foreign Affairs minister Simon Coveney as saying Ireland was currently in the final stages of a very competitive process.
The America’s Cup, which is the world’s largest sailing event, is widely considered to be the third most popular global sporting event after the Olympic Games and the Fifa World Cup.