Tynwald approval for deal given in April
Manx Radio understands the contract between the Isle of Man Government and the new T.T. and Classic T.T. promoters remains unsigned.
That's despite Tynwald approval in April to appoint London-based Vision Nine to the role.
The proposed ten-year deal was to allow the company time to achieve ambitious targets to swell visitor numbers and establish new attractions.
It's understood there will be further developments later this week.
Athletics: Island competitors take on Manchester Half Marathon
Schade and Cain set quickest Manx times
Enduro: Hitchen claims impressive silver in Scotland
Young Manx competitor finishes second in class
Hockey: IoM Men's Over-35's take debut victory
They now progress to next phase of EH cup competition
Athletics: Dan Richmond wins inaugural Backyard Ultra Isle of Man
Joanne Howse finishes highest-placed female in grueling endurance event
