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Manor F1 team folds
The Manor F1 team have ceased trading after administrators failed to find a buyer for the outfit. All 212 staff members at the team's Banbury factory were sent home on Friday with all but a handful expected to be made redundant on Tuesday. "It is deeply regrettable that the team has had to cease trading and close its doors," said administrator for FRP Advisory Geoff Rowley. "Manor is a great name in British Motorsport and the team has achieved a great deal over the past two years, invigorated under new ownership "Operating and running a F1 team to the high standards demanded however requires significant ongoing investment. "Just Racing Services Limited was put into...
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8y ago from SkySports.com
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