Talks will begin soon on whether Team New Zealand will agree to stage the 37th America’s Cup in Auckland, or take it overseas to a possibly higher bidder, Stuff reports. Auckland Mayor Phil Goff, whose council was one of the parties to the hosting agreement for this year’s 36th Cup, said the city had facilities ready for the next one, and he hoped Team NZ would reciprocate. The Government, the major partner which provided $40 million towards event costs, has offered Team NZ an early sweetener of around $5 million on the “expectation the Cup will be defended in New Zealand”. However, a bidding process run since October for potential overseas hosts, closed on February 28, and the Government and council have three months to try to seal a deal.