A bid has been made to buy out the ailing Manor Grand Prix team, Motorsport News understands. However, it is understood to be subject to agreement by this Friday [Jan 20] in order to be successful. Manor’s operating company, Just Racing Services Ltd, was put into administration recently and the team faces liquidation if it is unable to secure fresh funding. MN understands the offer is for all three Manor companies – Just Racing Services Ltd, Just Racing Ltd, and Manor Grand Prix Racing Ltd. If the Jan 20 deadline lapses the bidder could re-submit a bid, but it would likely be lower due to the shorter timescale and increased cost of getting the cars back on the grid.