Cowes Week after its new sponsor, Lendy - The Property Platform. The festival originates from the Prince Regent's interest in yachting which continued after he became George IV in 1820. The first race started at 09:30 on Thursday 10 August 1826 with the prize of a "Gold Cup of the value of £100" and was held under the flag of the Royal Yacht Club, which later became the Royal Yacht Squadron. Another race was held the next day for prize money only (£30 for first place, £20 for second). Until World War I, big cutters and raters were raced by gentlemen amateurs
Cowes Week 1. In 1957, with the advent of the Admiral's Cup, points won in this race counted towards the Admiral's Cup. In some ways the Admiral's Cup was an extension of the N.Y.Y.C. Cup in that Miles Wyatt and four friends presented this overall trophy to encourage overseas yachts to race at Cowes. Latifa, owned by Michael Mason, first won the Cup in 1951. The New York Yacht Club Challenge Cup is awarded to the winner of the class nominated by the Royal Yacht Squadron on the Wednesday of the event, this is usually IRC Class 0 or IRC Class 1.