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Manor goes into administration
The Manor F1 Team is on the brink of collapse, as the team has now appointed an administrator in an attempt to secure the team by finding a buyer. The team confirmed it had failed to find a worthy partner itself, meaning its 212 staff are currently in an unsecure position. FRP Advisory LLP was appointed as joint administrators to Just Racing Services Ltd, the company that operates Manor. They will focus on trying to secure the team's future, which looks set to be a daunting task as little time remains ahead of the 2017 season opening Australian GP in March. 'The team has made significant progress under its new ownership since the start of 2015, the highlight of which included securing a...
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8y ago from F1Technical.net
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