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Manor Racing wins extra week's reprieve
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Manor Racing has been given an extra week to help it try and sort out a rescue deal to save it from administration. Just Racing Services Ltd, the company that operates the race team, was placed in the hands of administrators on January 6. Reports earlier this week suggested that the team only had until January 20 to find a new investor to bring money into the business before it risked being wound up. But BBC News reports that the administrators FRP Advisory have made a decision to keep all staff employed until at least the end of the month. 'Only one week left' to save Manor "They felt there was sufficient funding to pay the cost base to the end of the...
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8y ago from F1i.com
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