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Manor F1: Team Fold After Administrator Fails To Find Buyer


Flashermac
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Manor started life as Virgin Racing in 2010 and has been through several guises in the intervening seven years.

 

It previously went into administration in October 2014, and was only saved by current owner Stephen Fitzpatrick, the boss of energy firm Ovo, on the eve of the 2015 season.

 

Fitzpatrick has said the decisive moment was the team's slip to 11th place in the constructors' championship as a result of Sauber's Felipe Nasr finishing ninth in the penultimate race of last season in Brazil. This cost the team in the region of $15m (£12m) in prize money.

 

Manor were one of three new teams to enter F1 in 2010, after they were promised by then FIA president Max Mosley that a £40m budget cap would be introduced.

 

But Mosley stood down as head of the governing body in 2009 after losing a fight with the teams over the plan and the cost limit was abandoned.

 

All three teams have now collapsed.

 

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Formula One Group, its owners and the FIA as a regulator really need to be investigated after this collapse.

 

"The unfair way in which prize money is allocated in the sport, permanently favouring the largest teams regardless of their finishing position, has seen many teams struggle to survive and ultimately reduced the number of cars on the grid.

 

"The European Commission must investigate the complaints it received last year from two F1 teams related to anti-competitive practices before even more highly skilled jobs are lost both in the South East and all around Europe.

 

"I will be writing to the Commission to call on them to take serious action on the way F1 is run, before a sport loved by 500 million fans is damaged beyond repair."

 

 

http://www.bbc.com/s...rmula1/38772098

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He says he won't. He spent nearly half of his life building up F1 and making it what it is. I don't see him trying to torpedo it, especially at his age. Can't he just relax and enjoy what's left of his life? (Or maybe being the grand poobah is all that he enjoys...)

 

Maybe he could do something about making US racing less boring. :(

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