Multiple Isle of Man TT newcomers were forced to back ♐out of this year’s event due to fin🦄ancial worries.

The legendary motorsport event is also battling agai⭕nst rising costs.

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

“Y♈ou are not doin𝓀g for a living, you’re doing it for passion, hobby, love,” he told .

“Ninety percent of the field a⛄re doing it out of their own money.

“This year, espeꦫcially, I have noticed the financial strain on riders and teams♕.

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

“The price of everything has goneꦐ through the rꦦoof.

“Your shopping bill has doubled and it’s the same for buying tyres, fuel, parts for your bike. It is really expen🥀sive.

“It is a strain for everybod🌟y, and for us to put the event on. The cost to put the event on goes up every year. It is hard.”

Quayle explained that the TT is fortunate 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 because it’s the ultimate🧸 race,ꩲ 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 do 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 gotꦛ everything in place to do this, don’t go down Bray Hill on♎ second-hand tyres!’”

The 2024 Isl🍰e of⛎ Man TT runs from May 27 to June 8.