Currently reading: Manor F1 team collapses
The Manor Racing MRT F1 team was placed into administration on 6 January and has now collapsed after failing to find a buyer
News
2 mins read
27 January 2017

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.

 

 

 

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Leslie Brook 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

@ Leslie Brook

....Here, Here. Well said....pointless (literally)!
Andy_Cowe 27 January 2017

A result of the way they started?

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.
Richard H 27 January 2017

A Real Shame

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

Bernie's legacy.....