It's Kiwis' turn to set the rules for America's Cup

Zealand races to victory over Oracle Team USA in the America’s Cup on Monday. Credit Ezra Shaw  Getty Image

Meanwhile, Italy's Luna Rossa has been chosen as the Challenger of Record for the 36th America's Cup, Team New Zealand said.

Mr O'Reilly says they hope to involve Viaduct Harbour, the "spiritual home" of the America's Cup in New Zealand.

Fans will be able to see members of Emirates Team New Zealand in the Parade, which will make its way along a road route in the central city.

Murray, who is one of the most successful America's Cup veterans, has previously worked on winning campaigns with Team New Zealand, Switzerland's Alinghi and Oracle Team USA.

In a bid to achieve his America's Cup dream, Glenn, his wife Mel and their two daughters have basically lived 11 months of the year in New Zealand for the past six years. He's a fantastic bloke, someone who people want to be around and he certainly has been an inspiration to his team, on and off the water.

The phone of the Team NZ boss went while he was speaking with the media, and sharp as a tack, Dalton said "that will be Russell".

"It has also been immensely gratifying for all of the Australian sailing community to watch Jimmy Spithill and the many Australians in his crew, who have done an incredible job".

I take back everything I said, America's Cup is an awesome sport.

It was the first time in the 166-year-history of the Cup that an American syndicate chose to defend the trophy outside the United States.

Bendigo-born Glenn Ashby skippered Team New Zealand in Bermuda's Great Sound to a crushing 7-1 victory over Team USA, who were guided by Sydney's Jimmy Spithill.

Larry Ellison, the billionaire Oracle founder, dressed in Oracle Team USA kit, came ashore from his boat to greet both teams after a fascinating battle of wills and technology.

Busfield said he was 100 metres from the finish line in Bermuda and the brilliant sailing by helmsman Peter Burling and his crew on Tuesday was one of the best days of his life. "The harder you push it the more likely you are to have a crash", the tall sailor, with his trademark reddish stubble, added.

But Mrs Burling says that it was definitely a collective effort that pulled Team New Zealand through against all odds.

Oracle Team USA, formerly BMW Oracle Racing, was led by Australian skipper James Spithill.

The 39-year-old, who won a silver medal for Australia in sailing at the 2008 Beijing Olympics, had a low-key but critical role trimming the giant wing with a games console-type device.

"We haven't discussed the future with him... the focus has been all about winning this time around".

"It's just unreal, it's exactly what we came here to do", said Burling afterwards.

The standout feature was a revolutionary grinding system in which the Kiwis replaced traditional arm power with leg power.

"What a series - they made fewer mistakes and they fully deserve it, so our hats are off to them", he said.

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