![](https://s3-eu-west-1.amazonaws.com/manxradionews/109509-1.jpg)
Registered owner Revtom Limited has address on North Quay
It’s understood a luxury yacht which sank off the coast of Sicily in the early hours of this morning (19 August) is owned by a company based on the Isle of Man.
The BBC has reported that Bayesian's owner is Revtom Limited which is registered at an address on North Quay in Douglas.
One man has died and six other people are missing after the vessel – which was carrying 22 people – sank in a heavy storm.
The Bayesian is managed by Camper and Nicholsons International which has its headquarters in Monaco.
You can follow the BBC's live blog on the incident HERE.