© Getty Images

Manor F1 to close after attempt to find buyer fails

Leave a comment

The Manor Formula 1 operation is set to close after administrators confirmed that efforts to find a buyer for the cash-strapped team had failed.

Manor entered administration at the beginning of January amid ongoing financial struggles, with FRP Advisory being appointed to try and find a new buyer.

Despite talks with a number of interested parties, FRP issued a statement on Friday confirming that Manor would close its doors and its staff would be made redundant after negotiations fell short.

“During recent months, the senior management team have worked tirelessly to bring new investment to the team to secure its long term future, but regrettably were been unable to do so within the time available and were left with no alternative but to place JRSL into administration  to protect the best interests of the underlying businesses and in order to continue a search for a buyer,” a statement from FRP reads.

“Since their appointment earlier this month the joint administrators at FRP Advisory have continued to work, with the support of senior management, to try and secure new investment into the business resulting in negotiations with a number of interested parties. During that period  funding was secured to ensure payment of all staff salaries until 31 January 2017.

“Regrettably since the appointment of administrators no investment has been secured in the limited time available to continue the Group in its present form.With no sustainable operational or financial structure in place to maintain the Group as a going concern, the joint administrators have now ceased trading JRSL and unfortunately have had to send all staff home from work today Friday 27 January.

“While all 212 staff will be paid on Tuesday 31 January, all but a small handful of staff are expected be made redundant by the end of January.  Note that Manor Grand Prix Racing Ltd, the sister company of JRSL, which has the rights for the team’s participation in F1, is not in administration.”

“It is deeply regrettable that the team has had  cease trading and close its doors,” FRP’s Geoff Rowley added. “Manor is a great name in British Motorsport and the team has achieved a great deal over the past two years, invigorated under new ownership.

“Operating and running a F1 team to the high standards demanded however requires significant ongoing investment. Just Racing Services Limited was put into administration at the start of January shortly after attempts to sell the business fell through at the last hurdle.

“The administration process provided a moratorium to allow for attempts to secure a long term viable solution for the team within in a very limited time-frame but sadly no solution could be achieved to allow for the business to continue in its current form within what was a very tight time-frame.

“We would like to thank all the staff for their support and professionalism during this difficult process. We shall initiate a formal redundancy process for all staff on Tuesday, once they have been paid for the full month of January.

“As joint administrators our immediate focus will be to assist staff who will have lost their jobs and to provide them with the necessary support to submit timely claims to the Redundancy Payments Service.”

More to follow.

MRTI: Chris Griffis Test Sunday times and notebook

Thompson (90, Exclusive) and Hoogenboom (78, BN) in Pro Mazda. Photo: Indianapolis Motor Speedway, LLC Photography
Leave a comment

The two-day Chris Griffis Memorial Mazda Road to Indy Test concluded on Sunday at the Indianapolis Motor Speedway road course.

Combined times after the two days of running are below, with Nico Jamin (Indy Lights Presented by Cooper Tires) and Oliver Askew (Pro Mazda Championship Presented by Cooper Tires) remaining on top from Saturday to Sunday, and Darren Keane (Cooper Tires USF2000 Championship Powered by Mazda) supplanting Andres Gutierrez at the head of that field.

Previous notebooks are linked here (Friday, Saturday), with additional Sunday notes to follow.

COMBINED TIMES

INDY LIGHTS (Best Session)Full Results

Jamin. Photo: Indianapolis Motor Speedway, LLC Photography

1. 5-Nico Jamin, Belardi Auto Racing, 1:15.7173 (Session 2)
2. 98-Colton Herta, Andretti-Steinbrenner Racing, 1:15.7808 (Session 8)
3. 23-Victor Franzoni, Juncos Racing, 1:15.7953 (Session 8)
4. 3-Pato O’Ward, Team Pelfrey, 1:16.0900 (Session 5)
5. 4-Rinus Veekay, Belardi Auto Racing, 1:16.1419 (Session 5)
6. 31-Carlos Cunha, Juncos Racing, 1:16.1585 (Session 8)
7. 31-Nicolas Dapero, Juncos Racing, 1:16.2491 (Session 4)
8. 48-Ryan Norman, Andretti Autosport, 1:16.3285 (Session 4)
9. 27-Anthony Martin, Andretti Autosport, 1:16.5185 (Session 4)
10. 2-TJ Fischer, Team Pelfrey, 1:16.8124 (Session 5)
11. 21-Heamin Choi, Juncos Racing, 1:18.1931 (Session 5)

PRO MAZDA (Best Session); Full Results 

Askew. Photo: Indianapolis Motor Speedway, LLC Photography

1. 8-Oliver Askew, Cape Motorsports, 1:19.8142 (Session 5)
2. 79-David Malukas, BN Racing, 1:19.9394 (Session 5)
3. 90-Parker Thompson, Exclusive Autosport, 1:19.9815 (Session 5)
4. 1-Carlos Cunha, Juncos Racing, 1:20.0236 (Session 2)
5. 3-Robert Megennis, Juncos Racing, 1:20.1268 (Session 4)
6. 81-Kaylen Frederick, Team Pelfrey, 1:20.1928 (Session 5)
7. 18-Calvin Ming, Pabst Racing, 1:20.2141 (Session 5)
8. 2-Sting Ray Robb, Juncos Racing, 1:20.6289 (Session 5)
9. 91-Nikita Lastochkin, Exclusive Autosport, 1:20.7001 (Session 2)
10. 80-Kris Wright, Team Pelfrey, 1:20.9930 (Session 4)
11. 82-Aaron Telitz, Team Pelfrey, 1:21.2144 (Session 8)
12. 78-Leonard Hoogenboom, BN Racing, 1:21.3713 (Session 8)

USF2000 (Best Session); Full Results

Keane ended head of queue in USF2000. Photo: Indianapolis Motor Speedway, LLC Photography

1. 36-Darren Keane, Newman Wachs Racing, 1:25.1424 (Session 5)
2. 22-Andres Gutierrez, Pabst Racing, 1:25.5618 (Session 3)
3. 27-Callan O’Keefe, BN Racing, 1:25.6295 (Session 2)
4. 21-Hunter McElrea, Pabst Racing, 1:25.7021 (Session 5)
5. 31-Rasmus Lindh, Team BENIK, 1:25.7791 (Session 5)
6. 81-Jacob Loomis, Team Pelfrey, 1:25.8514 (Session 5)
7. 90-Parker Thompson, Exclusive Autosport, 1:25.8743 (Session 2)
8. 23-Lucas Kohl, Pabst Racing, 1:25.9792 (Session 6)
9. 37-David Osborne, Newman Wachs Racing, 1:25.9996 (Session 8)
10. 20-Aaron Telitz, RJB Motorsports, 1:26.0042 (Session 6)
11. 80-Michael D’Orlando, Team Pelfrey, 1:26.2295 (Session 8)
12. 37-Jake Craig, Newman Wachs Racing, 1:26.2452 (Session 4)
13. 25-Elliott Finlayson, BN Racing, 1:26.3668 (Session 8)
14. 32-Jaden Conwright, Team BENIK, 1:26.4557 (Session 2)
15. 38-Max Peichel, Newman Wachs Racing, 1:26.5058 (Session 2)
16. 33-Myles Rowe, John Cummiskey Racing, 1:26.6004 (Session 8)
17. 90-Justin Gordon, Exclusive Autosport, 1:26.6460 (Session 5)
18. 82-David Osborne, Team Pelfrey, 1:26.6824 (Session 2)
19. 34-Sabre Cook, John Cummiskey Racing, 1:26.9362 (Session 6)
20. 38-Oscar DeLuzuriaga, Newman Wachs Racing, 1:27.7455 (Session 8)
21. 92-Justin Gordon, Exclusive Autosport, 1:27.7750 (Session 3)
22. 24-Zoey Edenholm, BN Racing, 1:28.5449 (Session 8)
23. 93-Jayson Clunie, Exclusive Autosport, No Time

NOTES

Old USF2000 teammates Jamin and Telitz share a high-five. Photo: Indianapolis Motor Speedway, LLC Photography
  • Several drivers pulled double duty between series, namely Parker Thompson (Exclusive Autosport in Pro Mazda and USF2000), Carlos Cunha (Juncos Racing in Indy Lights and Pro Mazda) and Aaron Telitz (Team Pelfrey in Pro Mazda, RJB Motorsports in USF2000). Telitz (above) added a run in Pro Mazda in Team Pelfrey’s No. 82 car; the Wisconsinite has done a lot of the series’ testing for the new Pro Mazda Tatuus PM-18, and had hoped to run all three series. We’ll have more meanwhile on Thompson and Exclusive’s double in the days to come; the Michael Duncalfe-led team out of Saskatoon, Saskatchewan was one of three new Pro Mazda teams adding those cars to USF2000 efforts (Pabst Racing, BN Racing) this week.
  • There were a handful of drivers that changed cars or teams for Sunday’s second day of the test, primarily in USF2000. While Keane ran both days at Newman Wachs, the Brian Halahan-managed team ran David Osborne and Oscar DeLuzuriaga in the Nos. 37 and 38 cars, taking over from Jake Craig and Max Peichel. Osborne switched from Team Pelfrey, where he ran Saturday, and where Jacob Loomis ran Sunday. Justin Gordon ran a second Exclusive Autosport chassis, switching to the No. 90 on Sunday after running the No. 92 Saturday.
  • The PM-18 best lap set by Askew is more than three seconds faster than the series’ official track record (Pato O’Ward in 2016, at 1:22.8800, 105.941 mph). Askew’s best time of 1:19.8142 averages 110.010 mph around the 2.439-mile circuit. Neither the Indy Lights nor USF2000 cars eclipsed the existing lap records in those categories.
  • Drivers largely extolled the PM-18’s outright pace and potential with the horsepower upgrade, in what is a significant step forward for the series. “Following prototype testing of the new PM-18, I believed that we had a special race car and this weekend’s testing confirms that,” said Dan Andersen, Owner and CEO of Andersen Promotions. “Based on team and driver comments, this is a fantastic race car and I am very pleased with what Tatuus, Elite Engines and my team have assembled. It fits perfectly in between the USF-17 and the IL-15 in terms of lap times and, more importantly, it takes what a driver learns in the first step and introduces higher HP, higher grip and higher aero. This will be a great training car for years to come, and seeing our program now with three excellent and well-designed cars is very satisfying to me.”
  • Keane, one of the few veterans (relatively speaking) within USF2000 was plugged in this weekend as the only driver outside Pabst Racing to threaten the top of the timesheets. “It’s a good boost in confidence for me heading into next year. I am really happy with how everything is going with the team. They are a great group of guys and it’s just really good to see us improving and being where we want to be,” he said.
  • Rinus Veekay hailed the Indy Lights Dallara IL-15 Mazda this weekend in his first test there, although the talented Dutch teenager may well focus on Pro Mazda next season and shoot to win that championship, and continue his battle with Askew established in USF2000. “The car is very nice, quick,” noted VeeKay. “You can really feel the downforce and it was a pleasure to drive.”
Veekay. Photo: Indianapolis Motor Speedway, LLC Photography

The MRTI is done with official running for the year, but the $200,000 MRTI Scholarship Shootout remains in December at Wild Horse Pass Motorsports Park, the former Firebird Raceway, outside Phoenix. The winner of that will get a ticket into USF2000 for the 2018 season.

Full MRTI spring training will take place at Homestead-Miami Speedway in February 2018, with undoubtedly a bevy of driver and team announcements to come over the following months.