The Isle of Man Government have confirmed that they will run next year’s TT and Classic TT, as the deal with new promoters Vision Nine has not been signed.

The London based firm won the rights to the Isle of Man TT and Classic TT earlier in the year, with Vision Nine expected to double the number of spectators at both events by 2026, and even introduce live television coverage of the races during their 10-year contract term.

However, the Department of Economic Development have stated that concern over several “operational matters” has been raised from other areas of the Island’s Government and the time needed to resolve these matters “has taken longer than envisaged.” As the contracts with race sponsors, promoters and broadcasters expires this year, which was meant to give Vision Nine a clean sheet from which to start with, there was no choice but to defer Vision Nine’s appointment in order to keep the preparations for the 2017 events on schedule.

In a statement, Vision Nine CEO Julian Topham expressed his disappointment in the news but also his understanding for the decision.

Whilst we are disappointed that the Department has not been able to fully conclude the Promoter Agreement in line with the planned Tender timelines, we also fully recognise the complexity of formulating an agreement in relation to an event that spans a number of Government Departments’ responsibilities,” he said.

Read more from Lewis Duncan