The Victorian cricket match that was due to take place on the Meadows in Stamford on Sunday has been cancelled due to rain.
Jon Whowell, spokesman for Rotary Club of Stamford Burghley which organises the event, said the field was too waterlogged for it to go ahead.
He added: “Stamford Town Council have told us this morning (Wednesday) that the Meadows is too waterlogged and therefore the event is off.
“While we are disappointed that this major fundraising event is not going to happen we respect their decision and would not want to damage the Meadows in any way.”
Mr Whowell said the club had looked into the possibility of holding the event on the Recreation Ground but it was “just not feasible”.
The event is sponsored by Batemans and raises hundreds of pounds for Rotary charities. It was due to be accompanied by a tug of war competition and flypasts from the Red Arrows and the Battle of Britain Memorial Flight.
The news follows the cancellation of Stamford Summer Fayre, which was due to take place on the Meadows this past Sunday. The Meadows are classed as flood plains and are often left waterlogged after heavy rain.
Other major events such as Bourne Festival and Rutland County Show went ahead at the weekend despite the rain.