Government to run 2017 TT races after delaying handover to new promoter
The Manx government will again organise the TT races next year after delaying the appointment of a new promoter.
In April, Tynwald approved the appointment of London-based Vision Nine to take over the promotion of the TT and Classic TT races in 2017.
Economic Development Minister Laurence Skelly wants Vision Nine to take over at the "earliest opportunity".
The Manx government has promoted the annual festival since it began in 1907 - about 43,000 people visited in 2015.
The 2015 festival raised £25m for the Manx economy, according to Economic Development Minister Laurence Skelly.
He said work to finalise the agreement and terms of the appointment has taken "longer than envisaged" due to resolving "operational matters" raised by other government departments.
Mr Skelly continued: "We are still looking to work with Vision Nine and hope to conclude the appointment at the earliest opportunity."
Vision Nine's Julian Topham said they were disappointed but fully understood the reasons for the delay.
He added: "We are committed to working with the government to create an operating structure tailored to the needs of the TT and Classic TT.
"We are looking forward to taking over as promoter of the 2018 events."