News Details
Manor enter administration
The Manor Formula 1 team has entered administration. Administrators FRP Advisory were called in to the Banbury-based team by owner Stephen Fitzpatrick on Friday and admitted there is a "very limited window of opportunity" for a rescue deal to be struck in time for the new F1 season on March 26. The administration process concerns the company which operates the F1 team, Just Racing Services Limited. No redundancies have been made and staff have been paid in full to the end of December, with preparations for the new season continuing on Friday. Around 200 people work for the team which finished 11th in the 2016 Constructors' Championship....
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8y ago from SkySports.com
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