The tall ships return to Merseyside next month and young people are being invited to take part in sailing them.
It's been three years since the majestic fleet sailed up the Mersey.
Next month 14 vessels will head to Liverpool from Dublin in the first Irish Sea Tall Ships Regatta.
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The comedian died after contracting coronavirus while he was being treated in hospital for heart failure.
The cash injection will be split between the council's We Love Mcr charity and the homeless charity of Mayor Andy Burnham.
Family say Linda Tuppen, 66, was a kind, loving lady.