The Tour of Britain organisers have gone into liquidation - throwing into question whether or not the Isle of Wight Council will be able to recoup any money spent.

The council is seeking legal advice after the event’s last-minute cancellation in 2022, after the death of Queen Elizabeth, set the authority back £350,000.

To host the last leg of the Tour of Britain on September 11, 2022, the IW Council had to pay £250,000 – but the event was pulled just two days before. 

The event organiser, SweetSpot, has since entered liquidation.

Further costs were also not covered by SweetSpot, seeing the IW Council pay £100,000 to cover road closure orders, marketing and public relations. Some fees were able to be recouped.

It was thought the Island would make around £4 million by hosting the Tour of Britain.

In a contact between the IW Council and SweetSpot, in the case of an extraordinary event beyond the control of either party – known as ‘Force Majeure’ – the council would be entitled to a refund of the host venue fees after real costs had been deducted.

An IW Council spokesperson said: “The authority is taking legal advice on seeking to recover costs associated with the cancelled Isle of Wight leg of the Tour of Britain cycling event, as this is now potentially a legal matter it would not be appropriate to comment further at this time.”

The administrators have been contacted for a statement.