The Manor F1 team is to close after administrators were unable to find a buyer for the struggling outfit.Five days after Formula 1 came under new ownership, Just Racing Services Limited – the operating company for Manor's F1 program – has ceased trading. Staff were sent home on Friday having...

The operating company for Manor Racing has entered administration, leaving a "very limited window" to save the team.Team owner Stephen Fitzpatrick announced during the Abu Dhabi Grand Prix weekend that Manor was on the verge of agreeing a deal with a new investor, but it was never finalized. Further negotiations...

Marussia's hopes of making a return to Formula 1 have been dashed, after administrators confirmed the outfit was shutting its doors.Despite frantic efforts to try to find a buyer for the team over recent weeks, the failure to complete a deal has forced it out of business. Administrators FRP Advisory...

Marussia will definitely not compete in this weekend's United States Grand Prix, administrators appointed to oversee the Formula 1 team have confirmed.FRP Advisory LLP was appointed to administrate Marussia's trading company, Manor Grand Prix Racing Limited, on Monday. With a lack of funding available to justify continuing racing, the company...