Luckily a couple of friends of mine have come up with a much cheaper way of staging the America's Cup without compromising the excitement of yacht match-racing. The Grey-Sye Method starts with two givens: a) that America's Cup yachts are designed and tested using computers; and b) that if it weren't for the computer graphics on television, the America's Cup would suck monumentally as a spectator experience - and then it cuts out everything in-between.
Thus, under the Grey-Sye America's Cup rules, no humans will be required beyond those who do stuff with com-puters. No boats will actually be built and all racing will be done virtually, on virtual courses, in virtual weather conditions, in front of fleets of virtual spectator boats. By never actually having to spend money on anything real, heaps and heaps of millions of dollars must surely be saved.
And having been out on the water to watch America's Cup racing, back in the good old days when it was New Zealand's Cup, I know for a fact that Grey and Sye are on to something here.
Sure, it was sort of awesome watching the boats in their pre-start manoeuvring, but once they actually started sailing up and down the course the ferry we were on became a floating sports bar as everyone gave up on the dots in the distance and watched the computer-generated yachts on the TV instead.
The added bonus of the Grey-Sye America's Cup model is that none of the special magic that makes the America's Cup the proud sporting event it is need be lost just because it isn't staged in the real world. In and around the virtual racing, virtual arrogant billionaires will still be able to wage virtual dick-measuring competitions, aided by teams of virtual lawyers in virtual courts all over the internet.
In fact, in many ways making everything virtual will actually bring it closer to the real world. Genius.
Of course, the one potential downside is that the whole competition could get hacked by non-yachties and the America's Cup could end up in the hands of some 13-year-old hacker from New Jersey, via routers in India, the Ukraine and Lagos. But not to worry, because we can send in our own virtual Maori activist to virtually smash up his virtual Cup with a virtual sledgehammer - teach him some old school Kiwi-style retribution.
Seriously, I think the Grey-Sye plan has got a lot going for it. And even if we have to employ thousands of computer geeks to design and race our winning virtual yacht, there is no way the Government will have to kick in anywhere near $36 million - because not even a navy of geeks can drink that much Red Bull.