Term Future: Team and Jrsl

term future: The team's participation will depend on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity, a statement issued by one of the joint administrators, Geoff Rowley, said, according to Deutsche Welle. During recent months, the senior management team of JRSL has worked tirelessly to bring new investment to the team to secure its long term future, but regrettably has been unable to do so within the time available, Rowley added. JRSL which operates Formula One team Manor Racing - said on Friday that new investors would have to be found in a very short period of time if the team is to compete in the 2017 season. Therefore, they have been left with no alternative but to place JRSL into administration. Manor have a history of financial trouble. He also noted that the company had paid all of its 212 staff at their headquarters in the English town of Banbury through the end of last year and that no workers had been laid off. (news.financializer.com). As reported in the news.