One week rescue deadline set for Manor

Manor has just a single week to avoid collapse, according to sources close to the embattled F1 backmarker.

Manor has just a single week to avoid collapse, according to sources close to the embattled Formula 1 backmarker.

One week ago, the British outfit was placed into administration, after talks with a potential investor fell through.

The administrator, FRP Advisory, said that there is only a "very limited window of opportunity" for a new rescue solution to be found.

Now, Finnish broadcaster MTV claims that window will close in exactly one week, on Friday, January 20.

"The 2017 car is said to be ready for production at the Banbury factory," the report added, but "the fate of the Manor team will be sealed" if no investor is found within the week.

Manor finished bottom of last year's constructors' championship with a single point.

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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1Mercedes161
2Ferrari153
3Red Bull72
4Force India53
5Toro Rosso21
6Williams-Mercedes18
7Renault14
8Haas9
9Sauber4
10McLaren0
DriversTeamPoints
1Sebastian VettelFerrari104
2Lewis HamiltonMercedes98
3Valtteri BottasMercedes63
4Kimi RaikkonenFerrari49
5Daniel RicciardoRed Bull37
6Max VerstappenRed Bull35
7Sergio PerezForce India34
8Esteban OconForce India19
9Felipe MassaWilliams-Mercedes18
10Carlos SainzToro Rosso17
11Nico HulkenbergRenault14
12Romain GrosjeanHaas5
13Kevin MagnussenHaas4
14Pascal WehrleinSauber4
15Daniil KvyatToro Rosso4
16Lance StrollWilliams-Mercedes0
17Marcus EricssonSauber0
18Jolyon PalmerRenault0
19Stoffel VandoorneMcLaren0
20Fernando AlonsoMcLaren0
21Antonio GiovinazziSauber0