Motoring UK

Formula 1 Team Manor in administration

The Manor team has collapsed after administrators failed to find a buyer for the stricken business. The F1 team Manor’s operating company Just Racing Services has been in administration since 6 January and FRP Advisory have been unable to find a buyer.

The staff were sent home on Friday and told they they will be made redundant by the close of business on Tuesday after the payment of January salaries.

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