Jan.28 (GMM) Only ten teams will make it to the grid as the 2017 season begins in Australia in March.
There were hopes the backmarker Manor could exit administration if a buyer was found before the end of January, as funds to test in Spain next month and race in Melbourne had dried up.
But administrator FRP on Friday announced that the team’s operating company will now close.
“It is deeply regrettable that the team has had to cease trading and close its doors,” said administrator Geoff Rowley.
As team staff faced the prospect of immediate redundancy, a photo appeared on social media of the wind tunnel model of Manor’s unraced 2017 car.
Rowley said: “The administration process provided a moratorium to allow for attempts to secure a long term viable solution for the team within a very limited time-frame, but sadly no solution could be achieved to allow for the business to continue in its current form.”
20/02/2015 Manor takes another step to salvation Feb.20 (GMM) Manor, the reborn Marussia team, took a step back from administration on Thursday. We reported earlier that the ailing backmarker's administrators would on Thursday issue a […]
05/01/2015 Struggling teams still face uncertain future Jan.5 (GMM) Less than a month before official winter testing begins, the future of the ailing backmarkers Marussia and Caterham remains unclear. Marussia's administrators have auctioned […]
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30/03/2016 FIA doctors must green-light Alonso return Mar.30 (GMM) Fernando Alonso will not be cleared to race in Bahrain this weekend until a meeting with FIA doctors on Thursday. Following the Spaniard's terrifying high-speed crash in […]
14/01/2017 Manor deadline extended by another week Jan.14 (GMM) Better news is now emerging from Banbury, the UK headquarters of the embattled F1 backmarker Manor.
It was believed the team's doors could close within a week, but reports […]
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10/03/2015 Merhi may not keep Manor race seat Mar.10 (GMM) Manor has completed the Melbourne grid by signing Spanish rookie Roberto Merhi. Before the official announcement, it emerged in the Spanish press that the former Marussia […]
23/03/2015 Bottas ‘impatient’ for Malaysia return – manager Mar.23 (GMM) Valtteri Bottas is "impatient" to return to the cockpit of his Williams this weekend in Malaysia. That is the news of the Finn's manager Didier Coton, after his 25-year-old […]