News Details
Manor on brink of administration
The Manor Formula 1 team is on the brink of collapsing into administration, putting hundreds of jobs at risk. Sky News has learnt that the team, which has been bankrolled for the last two years by Stephen Fitzpatrick, an energy industry executive, is lining up FRP Advisory to act as the administrator. Efforts will continue to find a buyer to enable Manor to compete in the 2017 F1 world championship, but ongoing discussions with a number of prospective investors have so far failed to result in a deal. Sources said that staff at Manor's headquarters were expected to be informed about the developments later on Friday morning. Approximately 200 people work for the team. An insider said...
Full Story »
Full Story »
8y ago from SkySports.com
0
You May Also Be Interested In...
Rio Haryanto's mother says he won't be racing in...
Rio Haryanto won't be racing in Formula 1 in 2017 according to his...
8y ago from GrandPrixTimes.com
Silverstone considering pulling out of hosting British...
The British Grand Prix could fall off the Formula 1 calendar after 2019...
8y ago from GrandPrixTimes.com
Ryan: Manor proved it belongs in F1 in 2016
XPB Images
Manor racing director Dave Ryan says the team...
8y ago from F1i.com
Haryanto still working on F1 plan despite losing...
Rio Haryanto's management team is still working on a plan to keep the...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Pramac MotoGP boss shares what ‘surprised’ him...
Pramac MotoGP Team Manager Gino Borsoi revealed that he was “quite...
23h ago from MotorsportWeek.c...
Rain spoils debut of Honda’s 850cc engine in Sepang...
No description available...
1d ago from Motorsport.com
Brad Binder admits he “can do a lot better” after...
No description available...
23h ago from Motorsport.com
Davide Tardozzi dismisses “absurd” rumours about...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
3d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
4d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
22h ago from Motorsport.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
4d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal conceding late goals is not a defence issue -...
Another fright before Christmas. Arsenal never seem to do it the easy way.
2h ago from SkySports.com
Arsenal latest: Kepa ready for Chelsea reunion in...
No description available...
2h ago from SkySports.com
‘This is something he is never going to forget’:...
ayo Saka and Gabriel Magalhães among those playing games with children,...
5h ago from TheGuardian.com
Arsenal 1-1 Crystal Palace (8-7 pens): Own goal, late...
Match report – Player ratings – Arteta reaction – Quotes...
5h ago from Arseblog.com
Comments
Hottest News
Which F1 team is best placed to end McLaren dominance in...
McLaren crushed the opposition in F1 during the... Read More »
49m ago from RacingNews365.com
Haas addresses Toyota takeover rumours as F1 alliance grows
Haas boss Ayao Komatsu has denied rumours that... Read More »
39m ago from MotorsportWeek.com
How Max Verstappen has ‘blown away' new Red Bull F1...
Red Bull boss Laurent Mekies has heaped praise... Read More »
2h ago from MotorsportWeek.com
