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.