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
MotoGP circuit contracts: How long will each race...
No description available...
8h ago from Motorsport.com
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
1d ago from Motorsport.com
Pedro Acosta: “Forgetting about the championship”...
No description available...
1d ago from Motorsport.com
Pramac MotoGP boss shares what ‘surprised’ him...
Pramac MotoGP Team Manager Gino Borsoi revealed that he was “quite...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
5d ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
1d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
2d 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...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal latest: Saliba believes Gunners can win...
No description available...
2h ago from SkySports.com
Report: Arsenal eyeing up a move for 20-year-old...
Arsenal are interested in signing Club Brugge midfielder Aleksandar...
6h ago from CaughtOffside.com
Years after snubbing transfer to Liverpool and...
German footballer Julian Draxler has opened up on his failed move to...
12h ago from SportsKeeda.com
Manchester United and Arsenal step up interest in...
Manchester United and Arsenal have stepped up their pursuit of Belgian...
12h ago from SportsKeeda.com
Comments
Hottest News
F1 2025 stars as Christmas movie characters
With the 2025 season over, and a long wait before... Read More »
1h ago from GPFans.com
Max Verstappen McLaren contract advice revealed: 'Many...
The friendship between Max Verstappen and Gabriel... Read More »
4h ago from RacingNews365.com
Full extent of Yuki Tsunoda shocker revealed as key Lando...
Check out each driver's average qualifying... Read More »
3h ago from RacingNews365.com
