The village is home to Royal Cork Yacht Club (RCYC) which has had its headquarters in the village since 1966. The club was established at the Cove of Cork (now Cobh) in 1720 and holds the title of the oldest in the world, according to the Guinness Book of World Records. In 1966 the RCYC merged with the Royal Munster Yacht Club and made the Royal Munster's club house its headquarters. The biennial Regatta of Cork Week (formerly Ford Cork Week due to the sponsorship of the Ford Motor Company) draws many competitors and upwards of 15 thousand spectators to each competition.