Manor Racing F1 team placed in administration

The operating company of Manor Racing was placed in administration on Friday, putting in major doubt the British-based Formula One team's participation this year.Manor, which finished 11th and last in the constructors' championship last season, has been seeking new investors, and administrator FRP Advisory said there was "a limited window of opportunity" for new owners before preseason...
Via FOX Sports
January 06, 2017

F1 team Marussia cease trading, lay off staff

LONDON (AP) The London-based administrator of Formula One team Marussia says it has ceased trading and the remaining staff have been made redundant following its move into bankruptcy protection in October. Joint administrator Geoff Rowley of FRP Advisory says in a statement on Friday, ''it is deeply regrettable that a business with such a great following in British and world motorsport...
Via Associated Press
November 07, 2014  |  Discuss

F1: Administrators trying to save Marussia

Marussia has now formally joined Caterham in administration as attempts continue to save the Banbury-based team. Geoff Rowley and Geoff Carton-Kelly, partners of FRP Advisory LLP, have been appointed joint administrators of Manor Grand Prix, the company behind the team. The team was always facing a deadline related to the Russian GP. Owner Andrey Cheglakov wanted to see a car on...
Via FOX Sports
October 27, 2014  |  Discuss

F1 team Marussia enters bankruptcy protection

LONDON (AP) Marussia has become the second Formula One team in four days to be placed into bankruptcy protection and will not race at the United States Grand Prix on Sunday. FRP Advisory, a London-based firm, has taken on the role of administrator and says Russian billionaire shareholder Andrei Cheglakov has been unable to provide the required funding to secure the team's future...
Via Associated Press
October 27, 2014  |  Discuss

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