The operating company has ceased trading, but there remains a possibility that the team itself could still make it to the grid
The Manor team has collapsed, and only the slimmest of hopes remain that it can be revived in time to race this season.
The team’s operating company, Just Racing Services, entered into administration on 6 January and ceased trading on 27 January after administrators failed to nd a buyer. Staff were made redundant on 31 January following payment of their salaries for that month.
A number of potential buyers had expressed interest, including a consortium represented by American businessman Tavo Hellmund, the founder of the US GP in Austin, and another led by Indonesian businessman Ricardo Geleal, who owns the KFC franchise in his region and sponsors a team in GP2, but ultimately neither of these deals could be completed.
Manor Grand Prix, the company that owns the rights to compete in F1 and be paid prize money, is a going concern, but would need to be bought out for the team to be revived.
The team were in an even worse situation two years ago, before they were rescued by businessman Stephen Fitzpatrick, who has run Manor for the past two seasons. There is a small chance that someone could purchase Manor Grand Prix and then buy the equipment needed from Just Racing Services’ administrators.
Manor have been given permission by the FIA to start the season with their 2016 cars converted to comply with the 2017 rules, and work continued on these through January. Manor staff even tweeted a picture of a model of their 2017 car on the day the news of the team’s collapse broke.
But the longer the delay, the less likely the team are to survive. As F1 Racing closed for press, there was no obvious prospect of a rescue on the horizon.
Manor had permission to race with a 2016 car converted to comply with the new rules