Sponsor needed for swanky bash

Now we're all feeling the pinch at the moment but has the credit crunch hit P Diddy aswell?

Despite his millions, he's is reportedly looking for a sponsor for his annual Cannes Yacht party.

It's usually the hottest party of the festival - this year Madonna and Sharon Stone are rumoured to be going.

But it seems Diddy wants a corporate sposor to pay for all those sausage rolls and cheese and pineapple on sticks!