The annual Cowes Week kicks off this week, but the organisers have not managed to find a title sponsor to replace Skandia, whose long running partnership ends this year.
Skandia's sponsorship of Cowes Week has run for 14 years including this year's event, which takes place at the beginning of August. It was known as long ago as March 2007 that its support would finish this year.
Cowes Week Limited, the company that runs the event, today issued a statement saying that it had not been able to finalise a new partner before this year's event.
Stuart Quarrie, Cowes Week's chief executive, said: "Although discussions are progressing well, we are not in a position to make an announcement before or during the regatta.
"However, we do have every confidence that Cowes Week will have a new partner in place in good time for the 2009 regatta."
Skandia Cowes Week will this year take place over eight days from August 2 on the Isle of Wight. The event, which attracts about 1,000 boats, 8,500 sailors and a full gamut of celebrities, first took place in 1826 and is the world's longest-running sailing regatta.
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