TT World Series Canned

The proposed TT World Series, set to take place next year, has been canned over concerns that it may draw attention away from the Isle of Man TT and affect the Island's economy.

House of Keys Minister for Economic Development Laurence Skelly stated: “With regards to the proposed TT Series, this has always been a relatively high risk idea – indeed, some people have voiced concerns that the TT Series might fail or might dilute focus on the Isle of Man events, either of which could harm the TT and/or the Island's economy. Our Department therefore considered very carefully the bids to see whether we could be confident we could deliver the proposed TT Series while managing the risks. Government must be mindful of the importance of the TT to many other stakeholders including local businesses, so our Department has applied a higher threshold of risk than say a private organisation would apply.

“We have therefore decided that the best way forward is to focus on growing the home events and making them more appealing. As we strengthen our events on the Island and TT's brand internationally, we will continue to monitor the global motorsport market so that we can pursue the TT Series concept as and when we feel the time is right.”

#roadracing #iomtt