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Manor F1 shuts down - no buyer shows up
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Sadly, the writing was on the wall, but the Manor team has now officially collapsed and will not enter the 2017 Formula 1 world championship. The outfits operating company, Just Racing Services, has been in administration since January. The deadline to find a buyer has now come and gone, leaving no other choice for FRP Advisory but to shut everything down. FRP said there was "no sustainable operational or financial structure in place to maintain the group as a going concern". Manor 'making progress' with possible investors While a buyer could step in and buy the team's assets, there is little chance that it would make it to the Australian GP grid in time....
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