Manor Racing have gone into administration and will collapse without new investment.
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Manor Racing have gone into administration and will collapse without new investment.
http://www.bbc.co.uk/sport/formula1/38530855
Staff were informed of the development on Friday by chief executive officer Thomas Mayer, a source told BBC Sport.
Administrators FRP said there was "a very limited window of opportunity" to save the team before the start of the 2017 season in Australia on 26 March.
FRP said it was "assessing options" and that the process affected Manor's operating company Just Racing Services.
Manor Grand Prix Racing, which owns the rights to the team's participation in F1, is not in administration.
Team owner Stephen Fitzpatrick said in a note to staff: "It was imperative that the team finish in 10th place or better in 2016."
Staff were informed of the development on Friday by chief executive officer Thomas Mayer, a source told BBC Sport.
Administrators FRP said there was "a very limited window of opportunity" to save the team before the start of the 2017 season in Australia on 26 March.
FRP said it was "assessing options" and that the process affected Manor's operating company Just Racing Services.
Manor Grand Prix Racing, which owns the rights to the team's participation in F1, is not in administration.
Team owner Stephen Fitzpatrick said in a note to staff: "It was imperative that the team finish in 10th place or better in 2016."
RaySinKa- Messages : 3706
Points : 11094
Date d'inscription : 2009-11-24
Localisation : Cardiff Bay
Re: Manor Racing have gone into administration and will collapse without new investment.
Come on Ron... buy it!!


Zag- Messages : 3184
Points : 9003
Date d'inscription : 2009-11-24
Re: Manor Racing have gone into administration and will collapse without new investment.
Loaded with a Merc

Mach- Messages : 7790
Points : 21568
Date d'inscription : 2009-12-01
Re: Manor Racing have gone into administration and will collapse without new investment.
Yep, but everything is sortable.... I want Ron in F1!!

Zag- Messages : 3184
Points : 9003
Date d'inscription : 2009-11-24
Re: Manor Racing have gone into administration and will collapse without new investment.
Ahhhh.....I can see it now......Manor picked up by Ron Dennis and Ross Brawn

Mach- Messages : 7790
Points : 21568
Date d'inscription : 2009-12-01
Re: Manor Racing have gone into administration and will collapse without new investment.
This is pretty sad. Hopefully these investors are just playing a silly game, hoping to pick the team up on the cheap. We'll see. Either way sad to see the grid (probably) drop back to 20 cars.
_________________

Jarnooo- Messages : 2298
Points : 9145
Date d'inscription : 2009-11-25
Age : 26
Localisation : Melbourne
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