TT World Series attracts commercial interest

The plans for an Isle of Man TT World Series have taken another step forwards with the confirmation by the Manx government that thirteen bids have been received for the tender to privatise the new championship.

London-based firm The Sports Consultancy, who are handling the initial bidding process, have come firmed that the thirteen offers were received by the close of the initial tender on the 28th of last month. The bids include firms not only in motorsport promotion, but also in broadcasting, sponsorship management, and major event promotion.

Commenting on the results of the first stage, Matt Wilson, Director at The Sports Consultancy said: “This is a positive response to the first stage and we have a number of credible candidates interested in the role who have demonstrable track records of expertise in the areas that we are looking for.”

Laurence Skelly, MHK, Minister, Department of Economic Development, commented: “It was important to the overall success of what we are looking to do that appropriate partners engaged in the first stage of the project and we can now confidently move forward to interrogate their experience and ultimately their ideas as to how we can further grow and build on the potential of the TT Races.”

The next step of the plan will see the thirteen interested parties completing a Pre Qualification Questionnaire, which is to be completed by April 10th, before shortlisting by the Manx Department of Economic Development.

The World Series plans will see the TT brand go global, with six races across the world running as a winter series and culminating in June’s TT. The first championship is currently scheduled to get underway in late 2017.