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Your table sponsorships are in their own event, correct?
If so you can set the ‘Default Registration Status’ within that event to ‘Not Approved’ – http://take.ms/vDYz6 (the bottom setting).
Registrations on that event will require the admin to review and change the registration status to pending payment (you can also trigger an email when doing so) before the user can pay.
Is that what you are looking for?