Aberdeen Assets Management Inc., which has a Philadelphia office, will be the new sponsor. The renamed Aberdeen Dad Vail Regatta will be May 7-8 on the Schuylkill River, and officials say it will stay in Philadelphia at least through 2014, the event's 75th anniversary.
The Dad Vail Regatta features more than 3,000 rowers from 120 colleges and universities in the United States and Canada. The event has been held in Philadelphia since the 1950s.
Organizers late last year announced plans to move the race to Rumson, N.J., but that proposal fell through.
The company also supports the Aberdeen University Boat Race held each February in Aberdeen, Scotland.
