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FIA returns Manor’s 2017 entry fee to remnants of F1 team
The FIA has returned Manor Racing’s entry fee for the 2017 F1 World Championship in what it calls a “gesture of goodwill” to help the pay the now-defunct company’s debts. Manor paid the fee of $522,322 in November last year – including $6,194 extra for the single point it scored in the 2016 championship – but the team collapsed before the start of this season, and thus did not participate. As a result of Sauber’s ninth place in last year’s Brazilian GP, the team dropped from 10th to 11th in the 2016 constructors’ championship standings, and crucially that cost millions in potential future prize money, making it financially unviable for the team to continue racing....
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6y ago from Motorsport.com
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