Trouble For Manor Racing

MORE TROUBLE FOR MANOR RACING IN 2017

    Time is running out for Manor to find a way to the Australian GP, after the administrator failed to find a buyer in the three weeks since the team went into administration.

    There’s still a chance the team could be revived in time for the start of the season, if a buyer is found for the remnants of the team.

    Just Racing Services, which operates Manor, went into administration on the 6th of January and has no ceased trading. Staff have been told they will be made redundant by the close of business on the 31st of January, but will be paid their salaries for this month.

    FRP Advisory said there was “No sustainable operational or financial structure in place to maintain the group as a going concern.”

    Manor’s departure means all three teams that joined Formula One back in 2010 have left the sport. The teams were attracted by the promise of a budget cap being introduced, but the £40 million cap was never put in place. All three teams faced budget problems before being forced to leave the sport.

    There’s still hope for Manor. The team could be revived in time for the start of the season, if a buyer is found for the remnant of the team. The team has come this close to death before, when a buyer was found last minute in 2015, keeping the team alive for another year.

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Article Written By: Bethonie Waring
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