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Friday, 13 January 2017
Verstappen 'absolutely ready' for 2017 title
Teams will be 'sandbagging' in early 2017 - Hembery
Vasseur quit over Renault 'differences'
Vasseur won't be replaced - Abiteboul
Thursday, 12 January 2017
Red Bull to keep using controversial suspension - Marko
Team boss slams Renault refugee Magnussen
Schumacher loses two more sponsors - report
McLaren to launch car on February 19 - report
'Mentor' Alonso helped me thrive in F1 - Sainz
McLaren still interested in F1 stake - Brown
Wednesday, 11 January 2017
Team boss Vasseur leaves Renault
Williams not commenting on team shakeup
Marchionne to retire after 2018
Rosberg successor solution 'so complicated' - Lauda
Mercedes denies Bottas announcement date set
Tuesday, 10 January 2017
2017 training to be 'intensive' - Kvyat
Ferrari had two day Xmas holiday - Marchionne
Lowe could become Williams boss - report
Rossi 'logical choice' for Mercedes - Zanardi
Ecclestone tells Silverstone to stop complaining
Gutierrez moves from F1 to Formula E
Monday, 09 January 2017
Returning Massa broke Formula E deal - report
Lost money hurt Manor survival chances - owner
Hulkenberg happy without Mercedes seat
Hulkenberg training hard for 2017
Rosberg to watch Melbourne from the couch
Hakkinen confirms Bottas negotiations
Saturday, 07 January 2017
McLaren to run new Honda engine in 2017
Renault to launch on February 21
Alternatives quiet over Silverstone news
Manor admits survival in doubt
Friday, 06 January 2017
Manor to enter administration again
Silverstone warns it could 'break' F1 contract
Ecclestone happy, not angry, as F1 stars retire
Rosberg to remain Mercedes ambassador - report

News

Lost money hurt Manor survival chances - owner
2017-01-09

Jan.9 (GMM) Manor owner Stephen Fitzpatrick has admitted losing tenth place in the 2016 world championship was a real blow to the team's hopes of survival.

In late November, he denied that the lost $13-15 million in official prize money as a result of falling behind Sauber could spell the end of the backmarker team.

But Manor has just been placed into administration and is now in danger of collapsing prior to the 2017 opener in Melbourne.

Fitzpatrick admitted to his team's embattled staff in a letter: "For much of the season we were on track (for tenth place).

"But the dramatic race in Brazil ended our hopes of this result and ultimately brought into doubt the team's ability to race in 2017," he added.

"I would like to thank the team for their constant hard work, determination and passion," Fitzpatrick continued.

"We made a huge amount of progress on and off track but ultimately it was not enough."