Manor started life as Virgin Racing in 2010 and were one of three new teams to enter Formula One that year David Davies/PA WireManor Racing have collapsed after the Formula One team failed to find a buyer. Just Racing Services, the team’s operating company, was placed into administration on January 6 after months of searching for new investment to no avail. FRP Advisory said today that all 212 employees at the Banbury-based team have been sent home but had been paid up to January 31. It added that “all but a small handful of staff are expected be made redundant by the end of January”. “The administration process provided a moratorium to allow for attempts to secure a long term viable solution for the team within in…

Source: The Times January 27, 2017 17:09 UTC