The proposal for a Launceston to Hobart Yacht Race originated with the Geilston Bay Boat Club (in southern Tasmania) and the Derwent Sailing Squadron (DSS) (also in southern Tasmania) supported the proposal.
The plan was that three yacht races, Sydney to Hobart, Melbourne to Hobart and Launceston to Hobart, would a finish at the time of the popular Hobart Summer Festival, which includes the Taste of Tasmania.