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Manor F1 team goes into administration
The company that operates the Manor Formula 1 team has gone into administration, casting doubt over the future of the outfit on the eve of the 2017 season. Following growing speculation on Friday morning about the fate of the outfit, staff were called to a meeting at its Banbury factory to be informed that hopes of finding an investor to save the outfit had failed. Instead, FRP Advisory LLP had been appointed as joint administrators of the Just Racing Services Ltd company that operates Manor. Geoff Rowley, the joint administrator, said that no redundancies of the 212 staff at the team had yet been made, but he admitted that there was limited time to try to find a solution before the...
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8y ago from Motorsport.com
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