''It's hard to see the benefits of it from a New Zealand exporter's point of view if it's Bermuda than if it's San Diego but we'll keep an open mind,'' he said last night.
He was expecting a proposal for funding from Team New Zealand no matter which venue was chosen.
''But I don't know the details of the proposals. I don't know if they'll be asking for the same money in both venues.''
Mr Joyce said he had canvassed the heads of agencies such as New Zealand Trade and Enterprise and Tourism New Zealand ''and they were unambiguously more interested in the West Coast of the US than Bermuda''.
The Government funded the last campaign to the tune of $36million. It gave another $5million after the 8-9 race loss to US entry Oracle in San Francisco in September 2013 in order to help keep key staff.
