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'Unfortunately it seems Manor has gambled with its future in the sport' – Begbies Traynor

With Manor Racing MRT finishing the 2016 Formula 1 season in eleventh, Begbies Traynor (UK's largest professional services consultancy) is not surprised to hear that the team have entered administration on Friday. The troubled team were trying to find an investor to allow them to continue in F1 this season, but a deal has not been found to save them. Parent company Just Racing Services Ltd instructed FRP Advisory as the administrator. It was looking like Manor would finish 2016 in tenth, after Pascal Wehrlein scored his first point at the Austrian Grand Prix. They were knocked down to eleventh in the Constructors' Championship though, after Felipe Nasr finished in ninth at the Brazilian...
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