http://www.skysports.com/f1/news/12433/ ... find-buyerThe Manor F1 team have ceased trading after administrators failed to find a buyer for the outfit.
All 212 staff members at the team's Banbury factory were sent home on Friday with all but a handful set to be made redundant on Tuesday. The workforce will be paid for January.
Administrators had been in talks with would-be buyers, including an Asian consortium, but no deal to save the team from collapse was forthcoming.
Sky Sports understands Manor needed an additional £500,000 of investment to get through to F1's winter tests at the end of February. Although administrators had been in talks with interested parties, sources close to the situation have indicated that no would-be buyer was close to striking the required deal.
That's the last of the Class of '10. Four teams accepted, seven years on and only three collective points to show for it.