Isle of Wight Council says it is £350,000 out of pocket after Tour of Britain stage cancelled due to Queen’s death Council claims organisers SweetSpot “made it clear that it would not be in a position” to refund fee paid to host the race cycling
this week that the island’s council has claimed that the organisers’ decision – a necessary one in the circumstances – has cost the local authority £350,000, including the £250,000 paid to SweetSpot to host the event.
However, despite arguing that SweetSpot is “suitably insured” for such instances, the council claimed that it was “made clear” immediately by the Surrey-based events company that “'it would not be in a position to refund any of the money”. While some costs were able to be recouped, the council says they still had to pay around £100,000. Some sponsorship agreements to cover the costs had been reportedly agreed, but these fell through when the stage did not take place.However, the council did acknowledge that some financial benefits had been identified despite the stage’s cancellation.
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