Yorkshire International Showjumping Event cancelled
An international showjumping event planned for Sheffield has been cancelled because of a lack of sponsorship and poor ticket sales.
The Yorkshire International Showjumping Event was due to take place at the Sheffield Arena from 22 to 24 April.
However, faced with "substantial financial losses" organisers said they had reluctantly decided to cancel.
British Showjumping, which had several national finals at the show, had been left in "a difficult position".
A statement for the organisers said: "This decision has not been taken lightly but is a result of insufficient levels of sponsorship in an increasingly difficult economic climate, together with a general lack of support by potential visitors to the event... in terms of advance ticket sales.
"This is an incredibly sad day, but the costs of running a three-star international jumping event at a major indoor venue are significant.
"Balanced against the limited support we have received to date, we could not possibly contemplate bearing the substantial financial losses we were facing."
Sponsors, athletes, officials and contractors who had agreed to support the event would be released from their obligations to the event so they could seek alternative opportunities.
"There is no way we could consider running an event and not being in a position to pay everybody at the end of the day," the statement added.
"It is generally acknowledged that there is a lack of international jumping shows within the UK, never more so than in the run-up to an event such as the London Olympics in 2012.
"We intend to pursue other options to run an international jumping show at a venue in Yorkshire at some time in the not-too-distant future."
Meanwhile, British Showjumping is looking into an alternative way of staging the affected national finals.