In 2013 New Zealand surrendered an 8-1 lead as Sir Ben Ainslie led the United States of America side to a seemingly impossible victory, but their title was never in doubt this year.
The latest in a long line of tycoons to catch America's Cup fever, Ellison has spent hundreds of millions of dollars of his own fortune and his team sponsors' money to pursue, secure and now lose the most prestigious prize in yachting.
Fans of Emirates Team New Zealand celebrate in Auckland, New Zealand, Tuesday, June 27, 2017 after they defeated Oracle Team USA in the America's Cup in Hamilton, Bermuda.
Somehow from what we have seen at times on the water, it is doubtful if Emirates Team New Zealand is in that category.
On the 9.00am ferry on the way over as we turned the corner to head into the Royal Dockyard, over to the left Emirates Team New Zealand's wingsail was hanging from the crane - same as it is every other race day.
Even after losing two races on Sunday, Spithill was not in any mood to give up, conceding they had been outsailed by Burling and his five Kiwi team-mates, but vowing to come out fighting again.
Burling, who won Rio Olympic gold past year in the 49er skiff class with fellow crew member Blair Tuke, has exuded a disarming calm and has now won a place in yachting history. As the silver trophy was passed around, some team members poured champagne into it and took swigs.
Ashby is the only member of the sailing crew who returned from that collapse.
There could be a healthy spike in the number of apprentice boatbuilders coming forward after Team New Zealand's stunning America's Cup win.
"It was absolutely brutal for the team".
"Relief to right the wrongs of the last campaign", Ashby said when asked how he felt.
"We would also like to pass on our congratulations to the entire team, from the likes of chief executive Grant Dalton to the boat builders and sail makers, and chief operations officer Kevin Shoebridge and skipper Glenn Ashby to the designers".
"We sort of all as a group agreed and recognized, I guess, where the bar will eventually get with our sport and we tried to fast-track that learning process as fast as we could".
Spithill could not hide his disappointment but he heaped praise on Team New Zealand following its triumph.
Among the crew was Simon van Velthooven, who won a bronze medal in track cycling at the London Olympics. While Oracle was able to make a few gains, they ultimately fell behind by 55 seconds giving a comfortable win to Emirates.
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