That was my first reaction too but he is speaking of the sailors level. The AC is a design competition, Sailgp is a sailors contest.
The best proof is that best AC sailors will compete but other world's best too.
The Tech Inside AC75 Soft Wings
by Ivor Wilkins 1 Apr 07:00 EST
He (Ray Davies) said no hosting decision process would be made until Auckland and the New Zealand government had presented their vision.