Register | Sign in

Home
News
Drivers
- Current Drivers
- Max Verstappen
- Daniel Ricciardo
- Lando Norris
- Pierre Gasly
- Sergio Perez
- Fernando Alonso
- Charles Leclerc
- Lance Stroll
- Kevin Magnussen
- Yuki Tsunoda
- Alexander Albon
- Guanyu Zhou
- Nico Hulkenberg
- Esteban Ocon
- Franco Colapinto
- Lewis Hamilton
- Carlos Sainz
- George Russell
- Valtteri Bottas
- Oscar Piastri
- Test/Reserve Drivers
Teams
Tracks
Seasons
Pictures
- Latest Galleries
- 2024 Abu Dhabi Post-Season Test
- 2024 Abu Dhabi GP
- 2024 Abu Dhabi Saturday
- 2024 Abu Dhabi Practice
- 2024 Qatar GP
- 2024 Qatar Saturday
- 2024 Qatar Friday
- 2024 Las Vegas GP
- 2024 Las Vegas Qualifying
- 2024 Las Vegas Practice
- Gallery Categories
- 2024 Season
- 2023 Season
- 2022 Season
- All galleries
Stats
JOHNNYBET

Manor staff retained until end of January

NEWS STORY
13/01/2017

Manor administrators give fresh hope as staff will be paid until end of the month.

Despite claims that Manor had until January 20th to find a buyer, administrators FRP Advisory LLP have revealed that staff are being paid until the end of the month having discovered some extra money while doing the team's account.

The law states that administrators have 14 days from the date they are appointed before they become liable themselves for salaries and other expenses - hence the January 20th deadline - but the discovery of the 'missing' funds means the deadline has been extended.

"They felt there was sufficient funding to pay the cost base to the end of the month," said a spokesman for the administrators, according to Reuters.

Of the original 200 staff, it is understood around half are still working at the team's Banbury HQ in preparation for the upcoming season amidst reports that the FIA has given the team permission to use its 2016 chassis - with modifications - as the basis of the car which would be used in Melbourne.

Furthermore, the January 31st deadline doesn't mean the end of the road for the team, for it could still miss the opening three races without falling foul of the rules.

LATEST NEWS

RELATED ARTICLES

LATEST IMAGES

Click to go to the main galleries section

POST A COMMENT

sign in

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

Sign in or register for a Pitpass ID to leave a comment here!

post comment

READERS COMMENTS

No comments posted as yet, would you like to be the first to have your say?

Share this page

X

close

Copyright © Pitpass 2002 - 2024. All rights reserved.

about us | advertise | contact | privacy & security | rss | terms