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Monday 9 January at 09:35
Lost money hurt Manor survival chances - owner
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Monday 9 January at 09:35 : Jan.9 (GMM) Manor owner Stephen Fitzpatrick has admitted losing tenth place in the 2016 world championship was a real blow to the team's hopes of survival.

In late November, he denied that the lost $13-15 million in official prize money as a result of falling behind Sauber could spell the end of the backmarker team.

But Manor has just been placed into administration and is now in danger of collapsing prior to the 2017 opener in Melbourne.

Fitzpatrick admitted to his team's embattled staff in a letter: "For much of the season we were on track (for tenth place).

"But the dramatic race in Brazil ended our hopes of this result and ultimately brought into doubt the team's ability to race in 2017," he added.

"I would like to thank the team for their constant hard work, determination and passion," Fitzpatrick continued.

"We made a huge amount of progress on and off track but ultimately it was not enough."
RELATED NEWS ITEMS
02-03 FIA confirms Manor will not race in 2017
20-02 US GP chief almost bought Manor
01-02 Manor could still be saved for 2017 - report
28-01 Administrator says Manor to 'close its doors'
24-01 Manor needs funds for testing
20-01 Manor asks to race 2016 car this year
14-01 Manor deadline extended by another week
 
NEXT RACE 26 March 2017
Grand Prix of Australia (5,303 m)
Melbourne, Albert Park Circuit
Last Winner: Nico Rosberg
TV schedule
Friday - practice 1
12:30 - 14:00

Friday - practice 2
16:30 - 18:00

Saturday - practice 3
14:00 - 15:00

Saturday - qualification
17:00 - 18:00

Sunday - race
16:00

Friday - practice 1

Friday - practice 2

Saturday - practice 3

Saturday - qualification

Sunday - race

STANDINGS 2016
Driver championship
1.Hamilton263
2.Vettel235
3.Bottas212
Constructors championship
1.Mercedes475
2.Ferrari375
3.Red Bull230
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