yeah, the current campaigns are definitely not worth that much. some estimates are that they are actually cheaper than the last AC campaigns...one boat, one crew, no challenger series, shorter lead-up, reduced unit material costs* = reduced campaign costs. the only things that would go against that is possibly more materials and increased legal bills, but that's the game.

* - obtaining carbon that meets the exact maximum material properties allowed in the old AC rules can cost more than just buying the top of the line carbon off the shelf.