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 »
9y 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...
9y ago from GrandPrixTimes.com
Silverstone considering pulling out of hosting British...
The British Grand Prix could fall off the Formula 1 calendar after 2019...
9y ago from GrandPrixTimes.com
Ryan: Manor proved it belongs in F1 in 2016
XPB Images
Manor racing director Dave Ryan says the team...
9y 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...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez to undergo surgery following Le Mans...
Marc Marquez has revealed he will undergo surgery on both his shoulder...
9h ago from MotorsportWeek.c...
Marc Marquez to miss at least two races after French...
No description available...
10h ago from Motorsport.com
Trackhouse boss Davide Brivio quits for factory Honda...
No description available...
8h ago from Motorsport.com
Instinct and faith, the keys to Jorge Martin's...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard stuns David Malukas with bold pass...
No description available...
1h ago from Motorsport.com
Christian Lundgaard wins a wild IndyCar race on the...
The first event of the Month of May was a romp around the Indianapolis...
1h ago from MotorsportWeek.c...
IndyCar Indianapolis road course – Race Results
Saturday afternoon held the traditional early May IndyCar event on the...
1h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Rally Portugal organisers fined for stage security...
No description available...
4h ago from Motorsport.com
Sebastien Ogier’s Portuguese party continues
Saturday was the longest day of Rally de Portugal with nine stages and...
5h ago from MotorsportWeek.c...
WRC Portugal: Sebastien Ogier storms back into lead as...
No description available...
5h ago from Motorsport.com
WRC Portugal: Oliver Solberg stunningly jumps to first...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
'Come on you Irons' - Guardiola urges West Ham to slow...
Manchester City manager Pep Guardiola has signalled West Ham to help slow...
3h ago from SportsKeeda.com
Video: Brentford denied clear penalty vs Manchester...
Manchester City got very lucky in today's 3-0 Premier League win over...
6h ago from CaughtOffside.com
Rodri injury 'more serious' than expected – big...
The Rodri injury reportedly seems worse than Manchester City initially...
9h ago from CaughtOffside.com
Update on PSG trio's fitness and chances of returning...
Paris Saint-Germain reportedly expect to have Achraf Hakimi, Lucas...
14h ago from CaughtOffside.com
Comments
Hottest News
WEC 6 Hours of Spa: BMW deliver historic 1-2 in thriller,...
BMW M Team WRT secured its maiden FIA World... Read More »
4h ago from GrandPrix247.com
Red Bull car opens up for Fernando Alonso but it will cost...
Two-time F1 world champion Fernando Alonso is... Read More »
5h ago from GPFans.com
Lando Norris reveals honest take on F1 rival's title win:...
2025 F1 world champion Lando Norris has opened up... Read More »
4h ago from GPFans.com
