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Manor F1 team has buyout offer
An offer to buy the Manor Formula 1 team has been made but the bidder requires an answer before Friday. Just Racing Services Ltd, the company that operates Manor, went into administration last week after talks to find an investor broke down. It is believed the administrators FRP Advisory LLP are talking to interested parties, with one making an offer. According to Motorsport.com's sister publication Autosport, the offer is for all three Manor companies - Just Racing Services Ltd, Just Racing Ltd and Manor Grand Prix Racing Ltd. Just Racing Ltd, the holding company of Manor, and Manor Grand Prix Racing Ltd, the F1 and FOM licence holder, are not in administration. The bidder believes that to...
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8y ago from Motorsport.com
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