Manor deadline extended by another week

Better news is now emerging from Banbury, the UK headquarters of the embattled F1 backmarker Manor.

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 that 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.

However, a separate report by the Reuters news agency said that talks with "interested parties" are already underway.

Nico Rosberg of Germany and Mercedes GP leads Sebastian Vettel of Germany and Ferrari and Lewis Hamilton of Great Britain and Mercedes GP into the first corner during the Spanish Formula One Grand Prix at Circuit de Catalunya on May 10, 2015
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