THE 2017 America’s Cup will be held in Bermuda, it has been announced.
It comes after Olympic sailor Sir Ben Ainslie revealed Portsmouth would be the home of the British team earlier this year.
Yesterday it was confirmed that the 2017 race will take place in Bermuda, with San Diego in California missing out.
Sir Ben said: ‘It’s great to have the venue confirmed and we look forward to moving forward with our campaign.
‘Either would have been fantastic venues but as a British team, we’re obviously looking forward to going to Bermuda.
‘The weather and conditions make it a great challenge for the teams. You look at the wind charts and one day it might be six knots and the next it might be 20, so we can expect a lot of variety from the racing.’
The decision was announced at a press conference in New York.
Last week The News revealed that Portsmouth will host the America’s Cup World Series races in July 2015 and 2016.
They will attract huge crowds and bring millions of pounds into the local economy.
Ben Ainslie Racing’s team will be based in Portsmouth, once its headquarters is completed in May 2015.
Progress on the building is continuing, with steel being put up.