Multiple Isle of Man TT newcomers were forced to ✅back out of this year’s event due to financial𒐪 worries.

The legendary motorsport event is♎ also battling against rising costs.

Richard 'Milky' Quayle, the Rider Liaison Officer at the Is𒅌le of Man TT, has explained how some riders have been forced to postpone their dream.

“You are not doing for a living, you’re doin🐼g it for passionꦯ, hobby, love,” he told .

“Ninety percent of the field are doing it out🍒 of their own m♉oney.

“This🐈 year, especially, I have n🎉oticed the financial strain on riders and teams.

“Every year I have half a dozen newcomers. This year, I have ꦕlost three because they couldn’t get their finances together to come here.

“The pꦗrice of everything ha♒s gone through the roof.

“Your shopping bill has doubled and it’s the s♚ame for buy♋ing tyres, fuel, parts for your bike. It is really expensive.

“It is a strain for everybody, and for us to put the eve🅷nt on♐. The cost to put the event on goes up every year. It is hard.”

Quayle explained t🌱hat the TT is fort𒈔unate to have its iconic status, meaning riders will prioritise being able to afford their entry.

Not every event is as fortunate.

“We are lucky with the TT be🌼cause it’s the ultimate race, the best race in the world,” he said.

“Your whole season revolves around the TT. “You’ve got to make sure you’ve got the budget to d🍨o it.

“Make sure you’ve got enough cash in the bank to buy your chains, brake pads, clutches🦹…

“I instil into newcomers ‘make sure you’ve got everything in place to do this, don’t go down Bray Hill on secon🦋d-hand tyres!’”

The 2024 I🧸sle of Man TT runs from May 27 to Jun✤e 8.