Manor Racing F1 team folded

Manor Racing's administrator, FRP Advisory, confirmed on Friday (27/1/17) that the Formula 1 team has ceased trading and all employees will be made redundant, following unsuccessful discussions with potential investors.



Manor Racing entered administration in early January, had hoped to return to the grid for the start of the 2017 season.

However, the deadline to find a new backer has passed, leading to the Banbury-based team being wound up and the loss of 200 jobs.

First of all, I very feel sorry for the staff and their family at the team at this moment of time. Secondly, It's a very sad day that a team like Manor who could have been a potential midfield team this season have folded it really saddens me today to here the news.

However, it is not necessarily the end of Manor Racing, a buyer could potentially still purchase the remnants of the team.

But even if that were to happen, the move makes it much harder for the team to make it to the start of the season in Australia in late March.

Overall, a sad day for Formula 1.