Manor's assets to be auctioned in May

Manor's assets to be auctioned in May

18 March 2017 – The assets of the defunct Manor Formula 1 team have been put up for sale in an online auction, which will take place in May.

Manor joined Formula 1 under the Virgin guise in 2010 and scored a best of ninth in the standings in 2014, while competing as Marussia, courtesy of points scored by the late Jules Bianchi.

Manor, following an uncertain winter, was rescued in time for the 2015 campaign, and made progress in 2016, with Pascal Wehrlein scoring a point in Austria, but ultimately finished at the foot of the 11-team table.

Manor's parent company Just Racing Services Limited (JRSL) entered administration in January, though discussions with interested parties continued throughout the month.

Those talks proved fruitless, and JSRL ceased trading at the end of January, while Manor's slim prospects of continuing in the sport ended when the FIA eventually removed it from the 2017 entry list earlier this month.

Joint administrators FRP Advisory have now placed an array of JRSL's assets up for auction through Gordon Brothers, as it attempts to pay off creditors.

The most prominent of these assets is a wind tunnel model of Manor's planned 2017 car, which was in the developmental phase prior to the plug being pulled on the team.

Four rolling chassis show cars, from the 2015 and 2016 seasons, are also up for sale, along with five steering wheels, three tubs, wheel rims, nosecones, panels, engine covers and rear wings.

Manor's hospitality trailer, along with furniture, clothing, merchandise and I.T equipment are also among items which will be available during the online auction.

Manor's exit means that 10 teams will race in Formula 1 this season.



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