The next phase of plans for a TT World Series will see the Manx government seek a commercial partner, to organise and promote it.
The plan is to create an international championship of road races under the TT banner.
The final round would be the TT itself.
Laurence Skelly MHK is the Department of Economic Development's member with responsibility for motorsport:
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NSC pool out of action until the New Year
Cracked pipe needs to be fixed and 'water safely recirculated and tested'
Main route through Foxdale closed due to RTC
Emergency services are on the scene
Michelle Mone-linked PPE firm liquidated and unlikely to repay £148m
Judge Sebastian Prentis placed the company into liquidation
Yellow weather warning for coastal overtopping
Water and debris likely to impact coastal routes around high tide
