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.
Football: Women's league title in sight for Peel
Westerners have six point lead after win over Corinthians
Manx duo heading to cheerleading world championships
They'll represent the Island in pom doubles in the USA this week
Athletics: Big Island turnout expected at Manchester Marathon
It's the second largest event of its type in the UK
Football: Colby stun defending champions in Hospital Cup
Douglas High School Old Boys relegated from premier league during Saturday clashes
Rugby: Douglas beaten in Regional 2 North West play-offs
Ramsey win final home game of their season against Congleton