Onchan Stadium could host a round of next year's World Championship Enduro Grand Prix.
At a board meeting the district's local authority heard Ramsey Motorcycle Club had asked permission to use the venue as part of its bid to the sport's governing body.
Members voted to allow the stadium to be used for the opening ceremony and an event between Saturday, July 24 and Tuesday, August 3.
The club would be responsible for all costs - including setting up, dismantling, cleaning and reinstatement of the stadium.
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