The Department for Enterprise says it's licensed to run the TT for the next 10 years.
A Freedom of Information request to the department asked for details of the contract with the Auto Cycle Union.
In its response, the department said the ACU holds the rights to TT, while it has a licence to run the races until 2033.
The DfE says the contract is worth £1.65 million this year, ACU subsidiary ACU Events paid £371,000 for marshalling services, medical services and course set-up costs.
Bar George debts case heads to court
A court case involving a Douglas bar which shut its doors last year will go ahead later this month.
Do you know these men?
Police are appealing for help finding three men after an incident near a pub in Douglas.
Garage warns of pothole which broke two wheels today
A Douglas garage is warning drivers in the north of the Island about a pothole which has claimed two victims today.
TT riders will miss special Bray Hill tree
A TT rider says he'll miss an iconic tree on the course, which has been cut down.
Inflation steady at 3.3 per cent
The government says inflation remained level last month, at the same rate as December's 3.3 per cent figure.
Less than one percent of buildings on council blacklist
Only a quarter of one per cent of buildings in Douglas are on a council blacklist.
Senior Tynwald committee to look at healthcare funding
Senior figures in the Island's healthcare system will appear before a Tynwald committee looking into healthcare funding this week.
Government apologises after child benefit problems
The government's apologised after nearly 800 people didn't get their child benefits today.
