The regatta is a high level event for Cruisers (IMS) included in the
calendar of the Real Federación Española
de Vela and is sponsored by the Mallorcan firm Cronomar, S.A. via Breitling
watches, and also by the
Govern Balear,
via the Welfare Council and the Balearic Institute of Tourism (Ibatur),
an entity dependent on the local Ministry for Tourism.