News Details
‘Very limited window’ to save Manor as it enters administration
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Following earlier reports regarding Manor's Formula One future, it has been confirmed that Just Racing Services Ltd (JRSL), the company that operates the team, has entered administration. A report in Sky News revealed that the Banbury-based outfit was on the verge of a financial collapse after hopes of a buyout faded. It has emerged that members of the Manor staff were told on Friday morning that Manor’s long-terms plans had not been secured. F1 could lose team as Manor's future grows dimmer Instead, FRP Advisory has been appointed as joint administrator of JRSL. Joint administrator Geoff Rowley explained the situation in the following statement: “The team has...
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