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#AmericasCup - Though the official announcement is still a week away, speculation is growing that Bermuda will be chosen as host for the 2017 America's Cup.

But as Stuff.co.nz reports, the rumour comes as a major blow to San Diego's hopes of welcoming the event.

It seems the issue is simply down to the matter of money, with a tourism chief from the Southern Californian city quoted as saying that "when it came down to it, Bermuda was the destination Larry [Ellison] needed to choose."

Ellison - head of software giant Oracle - was the backer of the current cup holders Oracle Team USA, which won in spectacular fashion last year.

And the financial incentives of hosting the event in the Caribbean tax haven are hard to ignore, even in spite of San Diego's storied legacy in sailing.

Stuff.co.nz has more on the story HERE.

Published in America's Cup

About the Clipper Round the World Yacht Race

The Clipper Round the World Yacht Race is undoubtedly one of the greatest ocean adventures on the planet, also regarded as one of its toughest endurance challenges. Taking almost a year to complete, it consists of eleven teams competing against each other on the world’s largest matched fleet of 70-foot ocean racing yachts.

The Clipper Race was established in 1996 by Sir Robin Knox-Johnston, the first person to sail solo, non-stop, around the world in 1968-69. His aim was to allow anyone, regardless of previous sailing experience, the chance to embrace the thrill of ocean racing; it is the only event of its kind for amateur sailors. Around 40 per cent of crew are novices and have never sailed before starting a comprehensive training programme ahead of their adventure.

This unique challenge brings together everyone from chief executives to train drivers, nurses and firefighters, farmers, airline pilots and students, from age 18 upwards, to take on Mother Nature’s toughest and most remote conditions. There is no upper age limit, the oldest competitor to date is 76.

Now in its twelfth edition, the Clipper 2019-20 Race started from London, UK, on 02 September 2019.