Spanish media are reporting that Team New Zealand has chosen Barcelona as the next host of the America's Cup.
Spanish publication Cronica Global reports a 'verbal pact' has been agreed between Team New Zealand and Barcelona administrations and is 'pending only its formalisation'.
According to the report, the Catalan government and the Barcelona City Council are paying $70m euros to host the 37th running of the America's Cup, set to take place in 2024.
NZME have contacted Team New Zealand who deny the report.
The official decision on the host is set to be announced by Team New Zealand and the Royal New Zealand Yacht Squadron on Thursday. Barcelona, along with fellow Spanish city Malaga, Cork in Ireland and Jeddah in Saudi Arabia are on the shortlist.