zzdcar
Home
/
Reviews
/
Racing
/
Dead: Manor's Sad Broke Backmarker F1 Team
Dead: Manor's Sad Broke Backmarker F1 Team-April 2024
2024-02-19 EST 22:11:26

In news that probably surprises no one, the Manor Formula One team will be shutting down. Funding theyto raise to participate in the 2017 season never materialized, per . Workers have been sent home and the team will cease operations by the end of the week.

The company that runs Manor Racing’s team operations, Just Racing Services Limited, had already been put into administration, with the business being handled by administrators at FRP Advisory. Progress had stalled on finding a new buyer for the team, so the decision was made to cease trading Just Racing Services and shut it all down.

There was enough to pay all 212 staff members’ salaries through January 31, but not enough to keep the team running, according to a statement by FRP Advisory published on .

This leaves only ten teams on the Formula One grid for 2017. Manor finished eleventh in the 2016 F1 constructors’ championship, meaning that they received no prize money. The $13.5 million loss from finishing eleventh instead of tenth was enough that the team was forced to find new investment (which they didn’t) or close (which just happened).

The team, then known as Marussia, was saved from closing in 2015 after entering administration then. It was reborn as the Manor team, and while it never quite took off, we’ll miss this team anyway. The only American driver to compete in F1 in recent years,, got a chance to race with Manor before going on to win last year’s Indianapolis 500.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Racing
Listen To In-Car Audio From Race Cars While You Work
Listen To In-Car Audio From Race Cars While You Work
If you follow racing in the U.S., you probably already know about the . Most of the episodes are too much of a distraction to put on as background noise while you work, but a couple of recent entries in his series have been working incredibly well for me....
Apr 29, 2025
Race Team Would Rather Create A Fake AI Woman Rather Than Hire A Real One
Race Team Would Rather Create A Fake AI Woman Rather Than Hire A Real One
In another unsurprising example of motorsport’s inhospitable mindset toward hiring competent women, the Racing team has announced a new partnership with Ava Rose, a literal , who will... engage with fans? Share knowledge about technology? “Navigate the cutting edge of innovation to create positive change” (whatever that means)? I...
Apr 29, 2025
Local Businesses Want Compensation After Allegedly Losing Money During Formula 1 Las Vegas Grand Prix
Local Businesses Want Compensation After Allegedly Losing Money During Formula 1 Las Vegas Grand Prix
If you listen to Formula 1 or local officials from Las Vegas and Clark County, you’d probably think November’s inaugural Las Vegas Grand Prix was a success. Some sources estimated that the city of Las Vegas made over $1 billion in revenue from the event — but there were...
Apr 29, 2025
Get Ready To Spend All Your Money On Retro Formula 1 Merch
Get Ready To Spend All Your Money On Retro Formula 1 Merch
Fellow nerds, get ready to open your wallets, because I’ve found what may be the greatest store of all time. With designs from Formula 1 teams like , you’re sure to find something that fits your particular nostalgic niche. I’d like to introduce you to Racing Retro. I first...
Apr 29, 2025
After Delivering 8 Seasons At The Back Of The Grid, Haas F1 Team Dumps Guenther Steiner
After Delivering 8 Seasons At The Back Of The Grid, Haas F1 Team Dumps Guenther Steiner
The partially North Carolina-based squad has determined that after , it needs to mix things up a little. The team’s firebrand has been following an abysmal 2023 season which saw the team score just four points-paying finishes. The team’s , where scored a fourth-place finish, but that season too...
Apr 29, 2025
You've Probably Never Heard Of The Coolest Canadian Car Ever Built
You've Probably Never Heard Of The Coolest Canadian Car Ever Built
Name a car from the early 1960s built by a famed racing driver with curvy, lightweight aluminum bodywork, a big American engine, and a reputation for being unruly and fast as all hell. Your first thought was probably the famed Shelby Cobra, did you know there was a who...
Apr 29, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved