Manor team officially cease business after buyer can’t be found - Administrators shut up shop in Banbury
Published by Christine
The Manor team have folded as of Friday 27th January, after the administrators were unable to find a buyer or investor to save the squad. Staff were told to go home early on Friday with over 200 employees now faced with finding new jobs. The administrators said they couldn’t find a structure that would keep the group as a going concern in a sustainable fashion, and sadly Manor have officially called it a day.
The team have been in Formula One in one form or another since 2010, but have been struggling for funding almost since the launch, and have dipped in and out of administration several times. Esteban Ocon, who drove for Manor for the second half of 2016, said: “Very sad to hear the news about Manor Racing today, wishing all the best to all the great and talented people that worked so hard there…” And former F1 driver Max Chilton who drove for then Marussia in 2013 and 14 said: “Very sad news, they may have been the smallest team but if F1 was a level playing field & effort counted they would be right up there.”
