The Manor Racing MRT F1 team was placed into administration on 6 January and has now collapsed after failing to find a buyer

Manor will not race in the 2017 Formula 1 season because no buyer has been found to save the team.

Manor's parent company, Just Racing Services, was placed into administration by FRP Advisory on 6 January and 20 January was initally set as the deadline for finding a buyer. It ceased trading on Friday, according to reports by the BBC.

Staff at the team's factory in Banbury, Oxfordshire will be made redundant after salaries for January have been paid.

The cars of Formula 1 2017

Numerous parties were rumoured to be interested, including Indonesian businessman Ricardo Galael, Bernie Ecclestone business partner Tavo Hellmund, a consortium of Asian buyers and ex-McLaren chairman Ron Dennis.

There had been hope for the team after the FIA gave it permission to start the upcoming season with its 2016 car modified to meet the new regulations, although a 2017 car had been designed.

The team's fate was sealed at the penultimate grand prix of the 2016 season when the Sauber team scored two points, which relegated Manor to 11th in the constructors' championship and effectively lost them £30 million in prize money that was vital for the team's survival.

Manor was previously saved from administration at the end of 2014 by its current owner, Stephen Fitzpatrick. 

The team first entered F1 in 2010 as Virgin Racing, before becoming Marussia in 2012 and finally MRT Manor in 2016. During its seven years and 132 grands prix, it was some way behind the rest of the field and scored points on just two occasions - the 2014 Monaco Grand Prix and the 2016 Austrian Grand Prix. It also suffered two tragedies with the deaths of race driver Jules Bianchi in 2015 and test driver María de Villota in 2013.

Two of the team's three 2016 drivers have found seats elsewhere for the 2017 F1 season - Pascal Wehrlein at Sauber and Esteban Ocon at Force India - but Rio Haryanto will not be racing.

A buyer could still be found for the team, but it would be almost impossible for Manor to make the first race of the season in Australia on 26 March. Technically, teams are permitted to miss three races in a season, so the Russian Grand Prix on 30 April is realistically Manor's last chance.

 

 

 

Our Verdict

Mercedes-AMG GT S

Smaller, less pricey follow-up to the SLS reveals its true capabilities

Join the debate

Comments
5

27 January 2017
"(Manor) also suffered two tragedies with the deaths of race driver Jules Bianchi in 2014 and test driver María de Villota in 2013".

Jules Bianchi passed away in 2015 from injuries sustained during his crash in 2014.

27 January 2017
No F1 team should collapse in this way, it proves that the Governance is wrong.

Bernie's legacy.....

27 January 2017
Manor were the final one remaining of the 3 teams to start at the same time. An arbitrary deadline for entry was set when it was decided some new teams were wanted. It was far too rushed a schedule meaning success was very unlikely for any of them. There should be a system in place for teams to build up to entry at a pace that suits them. A well-funded, well-prepared team stands a chance. Formula 1 could have a full grid if it wanted. The current set-up seems designed to protect those on the inside in the short term at the expense of the long term health of the sport.

28 January 2017
It is very sad for the team, and particularly the staff who have lost jobs, but what would be in it for any potential buyer? Rescue the team, pay the salaries, provide the funding necessary to develop and put 2 cars on the grid where they'll run at or near the back, score no points and earn no prize money. As far as I can see, you'd be hemorrhaging cash just so the institution of Formula One can have a full grid, with no support or incentive.

 

289

28 January 2017
....Here, Here. Well said....pointless (literally)!

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK
  • Volvo V90
    First Drive
    19 October 2017
    The Volvo V90 is a big estate ploughing its own furrow. We’re about to see if it is refreshing or misguided
  • Kia Stonic
    First Drive
    18 October 2017
    Handsome entrant into the bulging small crossover market has a strong engine and agile handling, but isn’t as comfortable or complete as rivals