Mylchreests will continue to sponsor the Southern 100 - extending its 60 plus year relationship.
The company says it will supply the official race cars for the foreseeable future.
According to representatives from the Southern 100 - the two had a 'gentlemen's agreement' which they have now formalised.
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Festive social event for young professionals this week
Fewer businesses now optimistic about future
Financial regulator recruiting for board members
Businesses needed for seaside kiosk
Businesses who wouldn't recommend IOM almost triples in 8 years
M&S officially opens new-look Douglas food hall