Nom de plume Posted February 10, 2023 Share Posted February 10, 2023 What does the Manx tax payer stump up to underwrite the IOM TT? Let us at this stage ignore the additional emergency services & hospital costs. Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted February 10, 2023 Share Posted February 10, 2023 Wonder how long it will take IOMG to give a clear statement on how this will impact the TT this year. I imagine a lot of teams and riders are having to consider the impact of the NW news. Any uncertainty or prolonged "we are in commitee trying to assess the impact of the NW cancellations" will only add to nervousness on the behalf of teams, soponsors, fans and local tourism. Quote Link to comment Share on other sites More sharing options...
Annoymouse Posted February 10, 2023 Share Posted February 10, 2023 TT is seen as the big race in the calendar, but competitors and manufacturers need track time elsewhere before coming here to get the best out of their bikes, I think for those racers with previous experience they will be fine, but newcomers are going to struggle with a lack of seat time. Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted February 10, 2023 Share Posted February 10, 2023 11 minutes ago, Nom de plume said: What does the Manx tax payer stump up to underwrite the IOM TT? Let us at this stage ignore the additional emergency services & hospital costs. And inquests. Quote Link to comment Share on other sites More sharing options...
Asthehills Posted February 10, 2023 Share Posted February 10, 2023 This is a great opportunity for the island. Get events sorted for the dates the NW200 and other cancelled events were due to be on. Run them at Billown and also get the road course at Jurby ready to race again and get an event up there as well. Hoover up the money the teams would have spent plus the spectators, fill the hotels and make a proper Isle of Man road racing series. 4 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted February 10, 2023 Share Posted February 10, 2023 1 minute ago, Asthehills said: This is a great opportunity for the island. Get events sorted for the dates the NW200 and other cancelled events were due to be on. Run them at Billown and also get the road course at Jurby ready to race again and get an event up there as well. Hoover up the money the teams would have spent plus the spectators, fill the hotels and make a proper Isle of Man road racing series. Yeah, we can corner the market in road racing fatalites this year. Fantastic. 2 Quote Link to comment Share on other sites More sharing options...
joebean Posted February 10, 2023 Share Posted February 10, 2023 The situation in NI shows very starkly the dilemma facing road racing. The costs of insurance and the increasing costs associated with risk management, plus the costs of competing are not a temporary phenomena but will be continuous. The organisers have, fundamentally, 2 options to overcome this. Firstly, to increase the revenue from visitors and commercial sponsorship, or secondly to increase the subsidy from the relevant Tourism bodies, in our case IOM Government (via the taxpayer). These might used in combination. Add to this the aging demographic of the customer base; a cost of living crisis; already increasing taxation and changes in the interests of motorcyclists and you have s bit of a problem. The TT does have an advantage, even though the costs of getting here are already steep and TT fans are generally a bit resistant to the event being further monetised, and that is the willingness of the Government to stump up taxpayers money to support the event. The lack of any current viable alternative to our motorsport offerings and the adoption of a 500,000 visitor target will mean the TT and MGP will be expensively supported for sometime to come, regardless of decreasing revenues from the events. 5 Quote Link to comment Share on other sites More sharing options...
Bombay Bad Boy Posted February 10, 2023 Share Posted February 10, 2023 3 hours ago, Happier diner said: This is massive news. Will road race teams exist just for TT? What will they do for the rest of the year? Well, Guy Martin would fix trucks. Quote Link to comment Share on other sites More sharing options...
Max Power Posted February 10, 2023 Share Posted February 10, 2023 Steps have already been taken to keep insurance costs under control, hence the TT, MGP and S100 having ACU Events on board as organising body. The Irish events are probably not in a position to do something similar, particularly at such a late stage! A lot of the recent changes, which have been unpopular in some quarters, are intended to ensure the viability of our events. As for riders and track time, it’s mainly the Irish riders who are going to suffer, although racing in the South should benefit both riders and organisers? As @joebean states we do have the advantages of having government involvement, which many may have criticised in the past, including me, but the steps they are now taking by getting more organised and shifting responsibility, should see us ok for the future. Quote Link to comment Share on other sites More sharing options...
x-in-man Posted February 10, 2023 Share Posted February 10, 2023 48 minutes ago, CallMeCurious said: Yeah, we can corner the market in road racing fatalites this year. Fantastic. 2 Quote Link to comment Share on other sites More sharing options...
wrighty Posted February 10, 2023 Share Posted February 10, 2023 I always thought it would be insurance that would kill off road racing. If it hadn't been happening for years, there's no way the TT would go ahead - looked at from an outsider's perspective it's just mad to close the island's main roads for 2 weeks to allow bikes to race at unlimited speeds on narrow country roads with spectators sitting on the verges. Its days are numbered I think. The NI situation is another nail in its coffin. 4 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted February 10, 2023 Share Posted February 10, 2023 19 minutes ago, Max Power said: Steps have already been taken to keep insurance costs under control, hence the TT, MGP and S100 having ACU Events on board as organising body. The Irish events are probably not in a position to do something similar, particularly at such a late stage! A lot of the recent changes, which have been unpopular in some quarters, are intended to ensure the viability of our events. As for riders and track time, it’s mainly the Irish riders who are going to suffer, although racing in the South should benefit both riders and organisers? As @joebean states we do have the advantages of having government involvement, which many may have criticised in the past, including me, but the steps they are now taking by getting more organised and shifting responsibility, should see us ok for the future. Surprised NI government haven’t stepped in to cover insurance costs given the economic benefits of the races to the NI economy 1 1 Quote Link to comment Share on other sites More sharing options...
Dave Hedgehog Posted February 10, 2023 Share Posted February 10, 2023 (edited) Just read an update on the beeb In addition to the premium the insurers were looking at a 100k excess for damage to property and 300k for injury/death Edited February 10, 2023 by Dave Hedgehog Quote Link to comment Share on other sites More sharing options...
hissingsid Posted February 10, 2023 Share Posted February 10, 2023 The extra 10% that will be raised on Road Tax will no doubt come in handy to improve the course and keep it pristine. Quote Link to comment Share on other sites More sharing options...
x-in-man Posted February 10, 2023 Share Posted February 10, 2023 7 minutes ago, hissingsid said: The extra 10% that will be raised on Road Tax will no doubt come in handy to improve the course and keep it pristine. Keep up, for the many it’s more than 10%. Quote Link to comment Share on other sites More sharing options...
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