In its deal with the British Powerboat Racing Club, KBL will be responsible for the long-term development of the festival, part of which is to establish the Cowes Classic as the new British home of the UIM Powerboat P1 World Championship.
It brings together powerboats and crews from across the globe for five days of racing. The 2005 festival starts on August 25 and will include a series of national and championship rounds along with the British Grand Prix, comprising two rounds of the Powerboat P1 World Championship.
With more than 70 boats expected, the new promoter intends to work closely with the Isle of Wight Council, local business and the UK tourism industry to create an international spectacle.
In 2005 the Championship comprises seven events in six European countries and at least 20 high-performance craft are expected to compete in the UK leg of the World Championship.
Cllr Shirley Smart, leader of the Isle of Wight Council, said: “As one of the UK’s top holiday destinations we are continually looking to add new experiences to the wide variety of activities and sights that are available for the enjoyment of our visitors."
“Including the Powerboat P1 World Championship within the Cowes Classic will also bring the Island worldwide media exposure and a significant boost to our tourism industry.”
