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Manor F1 team to close after no buyer found
Attempts to find a buyer to save the Manor Formula 1 team have failed, with the outfit to close ahead of the 2017 season. The Banbury-based outfit went into administration earlier this month after efforts to secure much-needed financial investment had failed to reach fruition. With time short ahead of the first pre-season test at the end of February, administrators FRP Advisory knew that they were in a race against time to find a buyer. However, despite interest from potential purchasers – believed to include an Asian consortium – discussions never got far enough for FRP to feel comfortable that the finances were there to save the outfit. With progress having stalled, FRP Advisory took...
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8y ago from Motorsport.com
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