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.
FC Isle of Man set for tough test against Chadderton
Ravens looking to bounce back after Atherton beating
Football: Top two clash in Division 2
Marown looking to close gap to Castletown
Hockey: Two Bacchas sides could wrap up titles this weekend
Bacchas Mens A and B have significant leads
Rugby: Vagabonds looking for third succussive win
One Manx side in action this weekend
Classic Three Legs of Mann Rally returns to Island
Event has entered its sixth year