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‘Limited time available' to save Manor
Manor could yet compete in this year's championship with joint administrator Geoff Rowley revealing that there have been no redundancies although time is 'limited' to find an investor. Manor's staff gathered at the Banbury factory on Friday morning where they were informed that efforts to find an investor had failed, resulting in the team going into administration. FRP Advisory LLP have been appointed as joint administrators of the Just Racing Services Ltd, the company that operates Manor. But while the news is huge blow to the Formula 1 team, there is still time – albeit limited – to save the team. Rowley stated: 'The team's participation will depend on the outcome of the...
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9y ago from PlanetF1.com
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