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: Bostock nominated for national champion of the year
Manxman one of six riders on British Cycling shortlist
Football: Railway Cup hopefuls all maintain pace in premier league
Castletown stay four points clear atop Division 2
Rugby: Vagabonds Ladies stay top with another victory
Vagabonds men and Douglas also take respective wins on home soil
Hockey: Harlequins A beat rivals to close in on prem leaders
Bacchas B take important victory in battle for top-flight safety