FRP Advisory, the administrator appointed to the Manor Formula One Team has confirmed that there has been no redundancies so far and that there is still an opportunity for the Banbury based outfit to compete in Formula One this season.
There is a limited window for the team to be rescued and two deals for the outfit to be taken fell through in recent weeks.
Geoff Rowley, from FRP Advisory has said that the team’s participation in the 2017 Formula One championship will depend on how the administration process goes and ongoing negotiations with potential investors. It is the second time since 2014 that the team has entered administration and is far from an ideal situation for the employees of the team.
Manor finished the 2016 season in 11th place in the championship, scoring one point thanks to Pascal Wehrlein.
Wehrlein has reportedly signed for the Sauber F1 Team replacing Felipe Nasr while Rio Haryanto’s hopes to return to Formula One have disappeared after his sponsor pulled out, so if Manor do make it to the grid for the Australian Grand Prix in March they will need to have drivers who bring considerable financial backing.