Formula 1’s governing body has refunded the entry fee paid a year ago by the now-defunct Manor team, the International Automobile Federation (FIA) said on Monday.
The FIA said on its website that it had decided to return the entry fee, less administrative costs, “to the entity within the Manor Group in administration as a gesture of goodwill to assist in payment of outstanding debts.”
In order to appear on the provisional 2017 entry list, published last December, Manor would have had to pay $521,289 to the FIA — a basic fee of $516,128 and $5,161 for the sole point the team scored in 2016.
The team went into administration in January, before the start of the season, and ceased trading.
The Fédération Internationale de l’Automobile (FIA) has returned the entry fee paid by Manor Grand Prix Racing Limited in November 2016 in order to be able to participate in the 2017 FIA Formula One World Championship.
Just Racing Services Limited, the company within the Manor Group responsible for servicing the team went into administration in January of this year and ceased trading later that month. Consequently, the team did not take any part in the 2017 Championship.
The FIA has therefore decided to return the entry fee, less the administrative costs incurred by the Federation as part of the entry process, to the entity within the Manor Group in administration as a gesture of good will to assist in payment of outstanding debts.