The historical racing event in Derbyshire has been cancelled for a third year, six months before it was due to take place.
The Flagg Races, which can attract up to 10,000 spectators, were cancelled last year because of snow and the previous year due to dry conditions.
Organisers High Peak Hunt said this had cost them up to £15,000 each time.
The Flagg Races began in 1892 and have been held over the Easter period ever since, missing only 2 years in it's history over the war.
It is thought to be the country's only remaining, "old-fashioned" steeplechase, point-to-point race, which makes it all the more disappoitning that it is not due to take place again in 2014.
On a statement on the Flagg races website it was revealed
"As you know Flagg Races Management Committee has strived to create a profitable and successful Point to Point meeting over many decades and it is after much discussion, soul searching and consideration that we advise you that we are suspending the event for 2014."
There were three reasons cited as for detail for the cancellation of the horse racing event including:
Frailty in both committee and non-committee volunteers.
Financial exposure to Flagg Races and the High Peak Hunt
Likelihood of attracting low numbers of runners and therefore providing poor sport for our spectators and supporters.
It appears that interest and investment are the big reasons why we are seeing this event fall by the wayside for a 3rd year, and unless further interest from runners and the public can be raised it has to be a fear that we will never see the likes again. With such a british history surrounding the event it seems an awful shame to let this happen.