But the deal to ensure the iconic 10km race has a 14th year is not over the line yet.

It all comes after City of Launceston council voted to handout $15,000 towards the Launceston Running Festival despite the event breaking its three-year funding deal.

The Launceston Running Festival, whose key component is the Launceston Ten, had been run every single June since 2007 - until 2018.

In 2017, council ticked off a three-year agreement to support the event.

One of the conditions was that payment would be dependent on the event going ahead in the third year and that if it is cancelled, council is would be told about it promptly.

But after the event was called off in 2019, it failed to meet funding requirements.

Council still unanimously agreed to continue funding the event over its importance for the city in 2020.

ELSEWHERE IN SPORT

Councillor Danny Gibson said the recommendation to continue supporting the event was appropriate.

Gibson added events go through "a great number" of checks and balances before receiving the City's backing.

To be eligible to be a Signature Funded event from the council, the event must have run for three years prior.

Under that criteria, the Launceston Running Festival is technically ineligible to apply. But council said this could still be reviewed.

Since pulling out last year, race director Wayne Larden is believed to be looking to sell the event to a buyer.

But that deal still could be dependent on council's funding being approved to be handed over to a third party.

Larden did not return calls from The Examiner on Friday for comment.

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