News Details
Manor on brink of administration
The Manor Formula 1 team is on the brink of collapsing into administration, putting hundreds of jobs at risk. Sky News has learnt that the team, which has been bankrolled for the last two years by Stephen Fitzpatrick, an energy industry executive, is lining up FRP Advisory to act as the administrator. Efforts will continue to find a buyer to enable Manor to compete in the 2017 F1 world championship, but ongoing discussions with a number of prospective investors have so far failed to result in a deal. Sources said that staff at Manor's headquarters were expected to be informed about the developments later on Friday morning. Approximately 200 people work for the team. An insider said...
Full Story »
Full Story »
8y ago from SkySports.com
0
You May Also Be Interested In...
Rio Haryanto's mother says he won't be racing in...
Rio Haryanto won't be racing in Formula 1 in 2017 according to his...
8y ago from GrandPrixTimes.com
Silverstone considering pulling out of hosting British...
The British Grand Prix could fall off the Formula 1 calendar after 2019...
8y ago from GrandPrixTimes.com
Ryan: Manor proved it belongs in F1 in 2016
XPB Images
Manor racing director Dave Ryan says the team...
8y ago from F1i.com
Haryanto still working on F1 plan despite losing...
Rio Haryanto's management team is still working on a plan to keep the...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia "struggled to accept" new...
No description available...
1d ago from Motorsport.com
Jorge Lorenzo: “Maverick Vinales has more talent and...
No description available...
1d ago from Motorsport.com
MotoGP shelves ‘leg wing’ ban but will revisit...
No description available...
1d ago from Motorsport.com
Honda to debut 2027 MotoGP bike in Sepang this week
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Simpson hoping Sunoco partnership grows into...
No description available...
1d ago from Motorsport.com
Sunoco makes full-time IndyCar return as primary...
No description available...
4d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
4d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA announces new constructor set to join WRC 2027
No description available...
4h ago from Motorsport.com
Jon Armstrong joins Josh McErlean in all-Irish M-Sport...
Christmas came early for Jon Armstrong and co-driver Shane Byrne when the...
7h ago from MotorsportWeek.c...
Jon Armstrong joins Josh McErlean in new M-Sport Ford...
No description available...
21h ago from Motorsport.com
Sebastien Loeb admits you “need some luck to win”...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal reach 100 injuries since start of last season
Arsenal have now reached 100 different injuries since the start of...
1h ago from SkySports.com
Twists and turns and midweek musings
Morning all. The players were back to training yesterday after a couple of...
5h ago from Arseblog.com
Sources: Chelsea & Arsenal establish contact with...
Kenan Yildiz has rapidly emerged as one of the most talked-about young...
7h ago from CaughtOffside.com
Report: Arsenal are very interested in signing...
Arsenal have been linked with the move for the AC Milan goalkeeper Lorenzo...
17h ago from CaughtOffside.com
Comments
Hottest News
F1 issue key update ahead of 2026 rule shake-up
F1 is gearing up for an all-new era in 2026 as... Read More »
45m ago from RacingNews365.com
Overtake Mode! F1 announces new rules for DRS replacement
Formula 1 has announced "Overtake Mode"... Read More »
45m ago from SkySports.com
F1 team boss shows off classy overtaking skills in Abu Dhabi
Williams F1 team principal James Vowles took to... Read More »
55m ago from GPFans.com
