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Administration looms large for Manor F1 Team
It emerged today that the future of Manor Racing MRT could be under threat, with sources claiming the squad could be headed for administration, whilst Sky News have reported this morning that parent company Just Racing Services Ltd, are set to instruct FRP Advisory to act as administrator. The Banbury based team have been trying hard to source an investor to allow them to continue in F1 in 2017, but recent negotiations with American investors, believed to have been headed up by race promoter Tavo Hellmund, appear to have fallen on death ears, whilst talks with other potential suitors have not come to fruition either. If no deal can be struck then that could signal the end of Manor’s...
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9y ago from TheCheckeredFlag.co.uk
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