Unpaid taxes the reason behind collapse
Classic British marque Norton Motorcycles has gone into administration.
Entrepreneur Stuart Garner acquired Norton in 2008 from US ownership and pledged to return it to former glories.
Norton has raced at the TT over recent years with riders such as John McGuinness, Josh Brookes, David Johnson and Cameron Donald all riding for the team.
It's reported Norton is being pursued by HMRC for £300,000 in unpaid taxes.
The accounting group BDO has been appointed as administrator to Norton Motorcycle Holdings, Norton Motorcycles (UK), Donnington Hall Estates and the Priest House Hotel.
Crime on the Island continues to fall while serious incidents create 'exceptional demand'
As heatwave heads our way, how do we stay safe in the sun?
Castletown Commissioners celebrating 130 years of Poulsom Park
Cost of a passport set to increase this summer
Manx Telecom to fund groundwork for fibre customers