Onchan commissioners say they don't want to buy assets belonging to the company running the town's raceway.
At its last board meeting, the local authority heard a new tenancy agreement had been offered to Onchan Raceway Ltd, which leases the facility on Birch Hill Avenue.
Members heard that would involve commissioners providing money to solve drainage issues and maintaining the seating area in the timber stand.
But the board also heard the company wanted to leave the premises because it couldn't agree the new contract.
In a response posted on Facebook, Onchan Raceway said it does not want to leave the premises or stop running events there.
A spokesman added it had suggested the Commissioners buy its assets should the operators ever be 'forced to leave' the site, so the local authority itself or any future tenant could keep using it for motorsport.
Glen Maye requisition meeting scheduled
Viking longboat races today
Postal vote applications have to be in soon
Mum launches petition over university support
Bus services north and south face disruption later
Wildlife Trust unveils woodland plans
Deadline looms for by-election nominations