News Details
Manor ceases trading
Administrator reveals that efforts to find buyer for Manor F1 team have failed and staff have been made redundant. In a week that has seen seismic changes to the sport, with Bernie Ecclestone losing control after 40-plus years in charge and Liberty Media buying F1 in a deal worth £6.5bn ($8bn), Manor appears to have joined the long list of teams destroyed by the failure of the sport to deal with the various issues facing its minnows. Administrators for the Banbury-based outfit, FRP Advisory, have confirmed that following weeks of talks, promises and false starts, a buyer could not be found and the company has had to cease trading. 'It is deeply regrettable that the team has had to...
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8y ago from Pitpass.com
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