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Manor F1 team go into administration - BBC report

06 Jan 2017, 17:10 IST

LONDON (Reuters) - The Manor Formula One team have gone into administration and will collapse without new investment, the BBC reported on Friday.

A source close to the British-based team, who finished last in the 2016 world championship, told the broadcaster that staff were informed on Friday.

The team were not immediately available for comment.

(Reporting by Alan Baldwin, editing by Ed Osmond)

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