News Details
Manor staff retained until end of January
Manor administrators give fresh hope as staff will be paid until end of the month. Despite claims that Manor had until January 20th to find a buyer, administrators FRP Advisory LLP have revealed that staff are being paid until the end of the month having discovered some extra money while doing the team's account. The law states that administrators have 14 days from the date they are appointed before they become liable themselves for salaries and other expenses - hence the January 20th deadline - but the discovery of the 'missing' funds means the deadline has been extended. 'They felt there was sufficient funding to pay the cost base to the end of the month,' said a spokesman for the...
Full Story »
Full Story »
7y ago from Pitpass.com
0
You May Also Be Interested In...
Manor staff to be paid to the end of Jan
Administrators of the Manor Formula One team are still talking to...
7y ago from SuperSport.com
Manor: Chances of saving F1 team receive boost as...
Attempts to save the Manor team have been boosted by a decision to keep...
7y ago from BBC.co.uk
Manor F1 team goes into administration
The company that operates the Manor Formula 1 team has gone into...
7y ago from Motorsport.com
Manor F1's staff told to find new jobs as team enter...
Manor Formula 1 team's staff have been told to find new jobs following...
7y ago from F1Hub.net
Elsewhere On The Network
Popular On MGPToday.com
The weekly reality check that has kept MotoGP hype off...
No description available...
3h ago from Motorsport.com
Pedrosa says 'unexpected' MotoGP return pushed by...
No description available...
9h ago from Motorsport.com
Quartararo: Yamaha MotoGP satellite team "must be...
No description available...
9h ago from Motorsport.com
Yamaha to bring brand new MotoGP bike at Jerez test
Fabio Quartararo and Alex Rins are set to test ride a brand-new Yamaha M1...
7h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
The plot twist that gave Arrow McLaren’s Ward his...
No description available...
2h ago from Motorsport.com
Luca Ghiotto to make IndyCar debut with Dale Coyne...
No description available...
4h ago from Motorsport.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
18h ago from MotorsportWeek.c...
McLaughlin issues statement following St. Pete...
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
WRC looking to add F1-style team radio to TV broadcasts
No description available...
2h ago from Motorsport.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
1d ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
1d ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Manchester City keen on signing PL...
No description available...
59m ago from SportsKeeda.com
Arsenal 'considering alternative midfield signings...
Arsenal are reportedly considering alternative midfielders amid doubts...
49m ago from SportsMole.co.uk
'Always the game everyone looks forward to' - Gabby...
No description available...
1h ago from SportsKeeda.com
'Odegaard and Saka are very good players, but they...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
'Verstappen and Red Bull to continue without Newey in 2025,...
Adrian Newey is expected to announce his... Read More »
6h ago from GPBlog.com
Newey Red Bull exit wish CONFIRMED as F1 guru's reasons...
Red Bull chief designer and legendary Formula 1... Read More »
1h ago from GPFans.com
F1: Red Bull responds to Newey claims
As speculation mounts, Red Bull claims that it is... Read More »
59m ago from Pitpass.com