Manor F1 Team Declares Bankruptcy

It looks as if the Formula One World Championship will be starting next season with one less team than it ended the last one with, as one of its most troubled teams has entered bankruptcy proceedings.

That team is Manor Racing, a back-marker entry that has struggled both on and off the track.

The entry first secured a spot on the grid when the FIA granted spots to three new teams: HRT, Lotus, and Manor. HRT and Lotus (subsequently renamed Caterham) disappeared in 2012 and 2014, respectively. And now Manor looks poised to join them as well.

The team has undergone a number of name changes over the past seven years. It initially secured backing from Virgin, then from Marussia, but both ultimately withdrew. Manor competed under its own name last season, and showed marginal improvements in performance.

But in six years on the grid, it has yet to land on the podium once, and has finished in the points only twice: with a ninth-place finish (by the late Jules Bianchi) at the 2014 Monaco Grand Prix, and a tenth-place (by Mercedes prodigy Pascal Wehrlein) in Austria last year.

A statement published on the team’s website indicates that it was in discussions with an Asian consortium that was interested in investing, but those negotiations have failed to bear fruit in time to keep the team in the black. So the holding company under which it operates – Just Racing Services Ltd. – was left with no choice but to enter bankruptcy proceedings.

If fresh investment can still be secured by its bankruptcy administrators, there’s a chance the team could still make it onto the grid in time for the season opener in Melbourne at the end of March. But if not, the field will be reduced back down to ten teams.

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  • Six_Tymes

    that sucks, i liked that team. all seemed to be great

  • Christian
    • Kaisuke971

      Why is this trying to look fast when it’s in fact slower than a 540i… I mean i have nothing against Kia but for a car this big it could at least make 400hp or something.

      • Christian

        It´s rivals AUDI S4 and BMW 340i…LolPower is around 400bhp

        • Kaisuke971

          The only actual info that i found about it is that it does 0-60 in 5.1s which means it would be the slowest of its class if you’re right. Also if it is that quick there’s no way it has over 370hp, and if it does this car might weight 2 tons lol

          I thought it was a 5 Series competitor since it looks bigger than the sort of 3 Series.

          • Smith

            What the hell does this have to do with Manor going bankrupt. Try to stay on topic, idiots!

        • Smith

          What the hell does this have to do with Manor going bankrupt. Try to stay on topic, fool!

      • Smith

        What the hell does this have to do with Manor going bankrupt. Try to stay on topic, stupid!

      • Tumbi Mtika

        You seem to miss the point.

    • Smith

      What the hell does this have to do with Manor going bankrupt. Try to stay on topic, idiot!

  • Six Thousand Times

    You always hate to see an F1 team die.

    • Smith

      Not if they are mis-managed and under-financed. If you don’t have $100 million a year, don’t try to play in the big league. Haas will follow Manor soon as well as Sauber. The sport does not attract the sponsors anymore/. Not enough ROI..

      • rover10

        That could well mean F1 is about to go under. Are fans and racegoers going to tolerate just ten or so cars on the grid? If so, for how long? The US don’t do small grids, so it’s new American owners may have step in and support small and financially stress teams? Or encourage more manufacturers to enter F1.

      • Six Thousand Times

        No, my original opinion stands.

        • smartacus

          No, you stand alone. He was not wrong;
          it was textbook mis-managed and under-financed.

          They should not have been in the big league.

  • FlameWater

    Audi, Porche, Bentley, BMW, Nissan, Ford, any takers?

    • Smith

      They would be stupid to take on this type of debt and no prospects for the future. Three of these brands are the same and have committed their small budgets to Formula Eeeeeeeekk. Small investment with extremely small return, but politically right to counter diesel-gate negativity. The other three, been there, done that, not interested again. Nissan is still licking the wounds from their Le Mans debacle and they are in F1 already, under their branding exercise with Infiniti and their Renault F1 team, so no need to waste more money.

    • Tumbi Mtika

      Ford, Peugeot, and Chevrolet.

  • Owen Hamilton

    I find the statement that they only made marginal improvements in performance a bit rude and not that true, up to 2016 they were multiple seconds off the pace of the next slowest team but in 2016 they narrowed the gap to sometimes less than a second and on a few occasions made it into the second part of qualifying, depending on which drivers they had, I could have seen them make more improvements this season and will be sad to see them go as even if someone picks them up on the cheap it’s too close to the start of the season for them to achieve anything now.

    • Smith

      Considering the fact they were gifted the Mercedes powertrain deal, Manor only made very very marginal gains as a team, the gains were 100% as a result of better powertrain and they could not make that into a good car. Too bad!

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