The FIA has handed back the entry fee paid by Manor Racing last November for the 2017 Formula 1 World Championship to help pay off the defunct team’s debts “as a gesture of goodwill” to the British squad.

Manor stumped up the estimated $522,000 fee last year for secure its entry into the 2017 F1 season but its parent company Just Racing Services fell into administration last January.

When hopes of a buyout were dashed in March former boss Stephen Fitzpatrick withdrew the team’s entry, which was confirmed by the FIA on the eve of the new campaign. The team officially folded earlier this year and had all of its assets auctioned off, including two wind tunnel models, show cars, trailers, pits equipment and hospitality units.

The FIA has returned the entry fee to Manor’s parent company Just Racing Services to boost the debt repayments to creditors.

“The FIA has 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 goodwill to assist in payment of outstanding debts,” an FIA statement confirmed.



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