There is sad news from Banbury today with word that the staff at Manor has been told at lunchtime today that they are being made redundant – and that the team will be liquidated because a buyer cannot be found for the team in its current state. It remains to be seen if the assets can be sold quickly, without the old owners being involved.
The key is for the company that holds the F1 entry to avoid becoming legally insolvent. If someone buys this and picks up the assets as well, then the team could revive, but there are a lot of ifs in this scenario.
Whatever happens, the last owners of Manor will not come out of this story well, as there have been several possibilities to sell the team, but they chose not to sell, despite being in no position to run the team properly.