The commissioners want to undertake refurbishment on the building
Peel Commissioners has confirmed the sailing club will have its lease taken back - but not until 2027 when the current one expires.
The local authority says it needs to take the building back to do maintenance work including electrical, plumbing and the roof.
However, the sailing club claims Peel Commissioners hasn't spoken to it prior to making the decision.
Chair Christine Moughtin says the board will be going through the usual tender process once it has been refurbished.
Local Democracy Reporter Emma Draper has this story:
Charity reports marked increase in level of debt residents are struggling with
Bus drivers' strike: Hopes for new offer as negotiations continue
Charity encourages Manx residents to learn basic sign language
Doctors claim 'critical shortfall' in hospital beds is posing 'direct risk' to life
'Pressure in the system' but bed figures are wrong says Manx Care