The last couple of weeks have been a lively time for Manor Grand Prix Ltd. In Abu Dhabi, team boss Stephen Fitzpatrick said that “We have agreed terms with an investor at the moment and we are still working through that and I can’t really talk more about the specifics”. There is no doubt that the investor at that point was Mexican-American Tavo Hellmund, who was in a period of exclusive negotiation at that point. However, a few days later this ended and other potential bidders were told that they could re-enter the discussions, if they were willing to move quickly. There were at least two bidders that I heard about and perhaps others as well, although there was not much specific information. There has certainly not been any paperwork filed as yet with Companies House, with the team still being owned by Just Racing Ltd, which is a company that Fitzpatrick used to be the holding company. The key company in the story is Manor Grand Prix Racing Ltd (6661964), which is the legal entity which signed the commercial agreement with the Formula One group. This continues to be owned, at the moment by Just Racing Ltd, and the ownership of this entity has yet to legal change, but there have been signs that things are changing, with the filing of a report from the person who was overseeing the post-administration settlement, bringing that process to a close. We expect an announcement shortly and it is thought likely that will involve former Manor F1 part-owner and CEO Graeme Lowdon. As to who is supporting the bid, we will have to see.

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