Isle of Wight Council bosses have overturned a vote by councillors - who had rejected the partnership to secure £900 million of funding.
Bid To Bring Sailing Cup To South Coast
Lymington sailor Sir Ben Ainslie's success in the America's Cup this week might help bring the event back to the south coast.
It started as a race round the Isle of Wight a hundred and sixty years ago.
Weymouth and Portland Sailing Academy Chairman Tim Hancock explains it needs a British-based team to win it first:
''Whoever holds the cup gets to choose the venue.
We're all obviously optimistic now that Ben can get the money together, get a campaign together, win it and then bring it back to the south coast.''
Tim added that he was full of praise for Sir Ben’s achievements. He said:
''It's quite hard to add any more accolades for Ben.
Let's be honest, he's got four gold medals and a silver, which is unbelievable.
He's just phenomenal, he clearly added a huge amount to the American team and I think he was instrumental in helping them to win the Americas Cup''.
Ainslie's team this week came back from 8-1 down to win 9-8.
The busy road's being made two lanes in both directions between Segensworth and Titchfield - it's due to take 18 months.
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Family Appeal Is Shared Online After 14-Year-Old Missing Since Friday
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