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.

Post by RaySinKa on Fri Jan 06, 2017 5:46 pm

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."
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Re: Manor Racing have gone into administration and will collapse without new investment.

Post by Zag on Sat Jan 07, 2017 3:16 pm

Come on Ron... buy it!!

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Re: Manor Racing have gone into administration and will collapse without new investment.

Post by Mach on Sat Jan 07, 2017 4:59 pm

Loaded with a Merc Suspect
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Re: Manor Racing have gone into administration and will collapse without new investment.

Post by Zag on Sat Jan 07, 2017 5:26 pm


Yep, but everything is sortable.... I want Ron in F1!!

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Re: Manor Racing have gone into administration and will collapse without new investment.

Post by Mach on Mon Jan 09, 2017 8:39 am

Ahhhh.....I can see it now......Manor picked up by Ron Dennis and Ross Brawn Laughing
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Re: Manor Racing have gone into administration and will collapse without new investment.

Post by Jarnooo on Mon Jan 09, 2017 2:01 pm

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.

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Re: Manor Racing have gone into administration and will collapse without new investment.

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