The Royal Norfolk and Suffolk Yacht club, where Roger Pratt was a member, have released a statement following his death in St Lucia.
They said 'the club was stunned to hear of the tragic death of Roger Pratt on his boat the Magnetic Attraction.
The commodore of the club sends his sincere condolences to Mrs Pratt and the family at this time.'
The club's flag is today flying at half mast.
More top news
Des Coleman has the latest weather for the West Midlands.
Des Coleman has the latest forecast for the East Midlands
A 49-year-man has been arrested on suspicion of causing death by dangerous driving and is currently in custody.