Formula One Team Manor Fight For Their Very Existence
The British Formula One Team Manor Racing will want to forget last season as they finished last in the Constructors Championship and only reached one point in the table. The German rookie F1 Driver Pascal Wehrlein was the driver who for team earned their only point in the Austria Grand Prix back in July 2016 with the ultimate winner being Lewis Hamilton in the Mercedes.
There is still hope for the 2017 GP Season
The UK-based team have been talking to potential new investors recently before going into administration, but so far there hasn`t been any news of a deal and the current owner Stephen Fitzpartick has not been available for comment on the situation.
Staff on the morning of the 6th January 2017 was informed by Chief Executive of Manor Thomas Mayer of the situation and that they had gone into administration which had been instigated by the owner Fitzpatrick who is also the chief in charge of the energy company Ovo, a company registered in England and Wales.
The new season gets underway again on the 26th March this year in Melbourne Australia and there is still a want and need for the Manor F1 Team to stay afloat and the administrators are continuing to do their best keep the team alive.
Out with the old and in with the new, but still the same old problems
The team had issues in the 2014 and collapsed that season when it competed as Marussia, the team was luckily saved from liquidation and rebranded as Manor in 2016, while in 2015 it still competed with the Marussia name so that they could keep the prize money that was awarded from the 2014 season.
The 2016 season saw a complete overhaul under Mr Fitzpatrick and this meant the colours where changed to orange, white and blue to signify this. A major blow for the team happened in the second last race in Brazil when the Sauber team with Driver Felipe Nasr achieved ninth place and knocked the Manor Team into last place of the Constructors Championship and the cost to them was in the region of about £10 million in prize money for the Manor team finishing dead last. This could mean that many potential buyers and new drivers may be scared of investing their money and time in the Formula One Team for the new season.
In the last race in season 2016 (abu Dhabi) Fitzpatrick had stated that this loss of well needed funds was “not a deal-breaker” in meetings he has had with potentials investors, only time will tell if this is the case.