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Team-the underdog of Formula 1 ceased to exist

Команда-аутсайдер Формулы-1 прекратила существованиеThe British team “the manor” is not found funds to continue the existence and refused to participate in the new season of Formula 1.

In January, “manor” moved into administration and was one step away from bankruptcy – the company “FRP Advisory” until January 31, was to lead the search for a new owner, but interested in buying Formula 1 team and was not found.

Save the “manor” from a departure in the story could investors from Indonesia – “GF Capitals” has been in contact with representatives of the “FRP Advisory”, but the talks failed because of the reluctance of potential buyers to invest in the team at least $ 75 million to participate in the new season of Formula 1.

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“We will start reducing all personnel on Tuesday, after we give them a salary for January. Our immediate task as external managers will help employees who will lose their job and providing them the necessary support,” said external control “FRP Advisory” Geoff Rowley.

“The manor” in the last season with one point gained took the last place in the Cup of designers. The only point the team at the Grand Prix of Austria brought Pascal Wehrlein.

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After the elimination of the “Manor” in Formula 1 there are 10 teams – Mercedes, Ferrari, Red bull, “Williams”, “Force India”, “McLaren”, “Reno”, “Haas”, “Toro Rosso” and “Zauber”.

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