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.
Cycling: Ben Swift to retire from professional cycling
Hockey: Island player earns England Under-18 girls call-up
Shooting: Four events feature in busy day at Meary Veg
Local golf club celebrating 30 years of ladies section