The decision to withdraw funding for SailGP in Auckland has been met with considerable disappointment and criticism, particularly from the city's events sector. The head of Auckland's events, in a statement to RNZ, has described the government's decision not to invest in keeping the high-octane sailing competition in the city as a "significant loss." This sentiment highlights the perceived economic and reputational benefits that SailGP brings to host cities, and the missed opportunity that its absence represents for Auckland.

SailGP is a global championship featuring foiling multihull racing yachts. It's renowned for its cutting-edge technology, intense competition, and the spectacular nature of the races, which often take place in iconic waterfront locations. For a city like Auckland, known as the "City of Sails," hosting such an event would typically be seen as a natural fit and a significant draw for both domestic and international visitors. The "significant loss" described by the events boss suggests that the economic impact – through tourism, hospitality, and associated industries – as well as the positive exposure and branding opportunities, are substantial.

The core of the criticism is directed at the government's perceived failure to recognize the value of SailGP and to allocate the necessary financial resources to secure its presence. The events boss implies that the government "missed an important opportunity" by not "putting in the money." This suggests a strategic misstep, where short-term financial considerations may have outweighed the long-term benefits of hosting a prestigious international event. The expectation is that such events generate considerable economic activity and enhance a city's global profile.

This situation raises questions about the prioritization of public funds and the decision-making process for major event bids. Hosting international sporting events can be a costly endeavor, requiring significant investment from both the public and private sectors. However, successful events can yield substantial returns, not just in economic terms but also in terms of civic pride and the promotion of a city as a vibrant destination.

The "significant loss" for Auckland is not just about the cancellation of a race; it's about the potential impact on the city's reputation as a sporting hub and its ability to attract future high-profile events. The events boss's comments serve as a stark warning that such opportunities, once missed, can be difficult to regain. The hope will be that future decisions regarding major event hosting will take into account the full spectrum of benefits, both tangible and intangible, that these spectacles can bring to a city.