The number of confirmed cases across the United Kingdom surpassed 1000 in recent days, with the worldwide total now at over 140,000.
This has wreaked havoc on the sporting world, with numerous events from Formula 1, MotoGP, WEC all getting cancelled or postponed as a result.
Recently the Isle of Man government insisted preparations for TT 2020 were underway, with the virus not currently impacting the event - which was due to take place from 30 May to 13 June.
However, with the situation continuing and it thought only to worsen, the decision was taken on Monday evening to cancel TT 2020.
It is the first time since 2001 - during the foot and mouth disease outbreak - that the TT will not go ahead.
Laurence Skelly, Minister for Enterprise, commented: "The decision to cancel has not been taken lightly and all options including postponement and delaying the decision have been considered in detail.
"Representatives from the Isle of Man Government will now discuss the implications with all relevant businesses, stakeholders and individuals affected by this cancellation, which it recognises will be significant.
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