The America’s Cup is going offshore, to a British territory that sits at the northern tip of the Bermuda Triangle.

In a shake-up to the tradition of the oldest trophy in international sports, organizers announced Tuesday that Bermuda beat San Diego for the right to host the next America’s Cup in June 2017.

The decision was made two weeks ago by software billionaire Larry Ellison, who owns two-time defending champion Oracle Team USA, after consulting with team CEO Russell Coutts, a New Zealander.

This will be the first time a U.S. defender holds the America’s Cup outside the United States. It also will be the first time in the regatta’s 163-year history that a defender sails the races in foreign waters by choice rather than necessity.