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Manor Racing MRT enter administration
Manor Racing MRT have gone into administration, doubts have now surfaced regarding their attendance in the 2017 Formula 1 season. It emerged on Friday morning, that the future of the Banbury based outfit could be under threat. Staff at the Banbury factory were informed this morning in a meeting, that hopes of finding an investor had failed. With FRP Advisory LLP appointed as joint administrators of Just Racing Services Ltd, the company that operates Manor. Redundancies of the 212 staff have yet to be made, with joint administrator Geoff Rowley admitting there was limited time for a solution before the start of the season in two months time in Australia. 'The team has made significant...
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8y ago from TheCheckeredFlag.co.uk
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