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.
Okells makes it a double at beer awards
An Island brewery will be celebrating with a pint - after two of its beers won awards.
Organisers call off 11-hour music event next weekend
A one-day music festival due to be held in Onchan next weekend has been called off.
Plans lodged for quayside hotel and apartments in Peel
A company's submitted a planning application to turn a disused quayside site in Peel into a boutique hotel.
£5,000 fundraiser launched for Buddy's surgery
Could you help give a loving labrador the surgery he needs?
Cruise ship makes Island stopoff
A cruise ship is stopping off in the Island's capital today.
Parents warned over school run parking and driving
Police are asking motorists to take extra care today as children return to school.
Lord Street redevelopment case back in court
A company suing the Department of Infrastructure over plans to redevelop a landmark site in Douglas will be back in court today.
DEFA releases figures on leased land
The Department of Environment, Food and Agriculture has revealed the amount of land it rents out to others.
