Jan.14 (GMM) Better news is now emerging from Banbury, the UK headquarters of the embattled F1 backmarker Manor.
It was believed the team’s doors could close within a week, but reports now suggest administrators FRP have found a way to pay staff until the end of January.
“It means it has a week more than expected to find a buyer before having to consider whether to lay off staff,” a BBC media report said.
FRP Advisory did not comment.
But a separate report by the Reuters news agency said talks with “interested parties” are already underway.