Plans for a TT World Championship have taken a step closer to becoming a reality after the Isle of Man government asked for interested parties to carry out a feasibility study.

The intention is to build a platform that will increase the Isle of Man Government’s return on investment in the TT Races brand through sponsorship, television, licensing and hospitality, generate revenue earning opportunities for the competitors and teams who take part, and to provide economic and commercial benefits for the destinations and other commercial partners who host rounds.

“Having held preliminary discussions with teams and riders about the event we are now looking to take the proposal to the next stage by seeking expressions of interest from suitable qualified businesses or individuals, with global motorsport experience, to provide the Department with an initial feasibility study which will set out the mechanics of how a TT World Series might operate," said Colin Kniveton, Chief Executive, Department of Economic Development.

"We believe that with the growing interest in the TT Races, the World Series has great potential both to generate revenue and also increase the profile of the Isle of Man and the TT Races.”