Manor Ginetta LMP1 cars withdraw from Spa WEC amid cashflow problem

Ginetta has confirmed the Manor LMP1 team has been forced to withdraw from this weekend's World Endurance Championship opener at Spa owing to cashflow problems

Manor Ginetta LMP1 cars withdraw from Spa WEC amid cashflow problem

A statement issued by Ginetta immediately after qualifying, in which the two Mecachrome-powered G60-LT-P1s did not run, cited problems with securing promised sponsorship funds from Chinese firm TRS - which is linked to the beleaguered energy concern CEFC.

It follows the two Manor cars only making a single installation lap each in each of the three practice sessions that preceded qualifying, a situation on which the team refused to comment.

The statement read: "The required funds for Ginetta were due some time ago and whilst we understand that TRS has been working with its sponsors to sort the issues, without payment, Ginetta cannot allow the cars to race."

It added that Ginetta "remains committed to working with CEFC TRSM Racing [Manor]" and that "the current situation is a short-term cashflow problem" that should not affect its participation in the Le Mans 24 Hours.

LMP2 squad KCMG is the first entry on the Le Mans reserve list and is believed to have been told to prepare itself to enter in case one of the Manor Ginettas is unable to compete.

Ginetta boss Lawrence Tomlinson commented: "We've got to a situation where a UK-based team with excellent ability, kit and personnel, plus a pair of the latest LMP1 cars with confirmed and fully paid up entries for the 2018/19 FIA WEC are unable to race simply due to funds not flowing."

shares
comments
WEC Spa: Conway and Kobayashi take pole, Alonso and Nakajima second
Previous article

WEC Spa: Conway and Kobayashi take pole, Alonso and Nakajima second

Next article

Pietro Fittipaldi breaks both legs in Spa WEC qualifying crash

Pietro Fittipaldi breaks both legs in Spa WEC qualifying crash
How Formula E's double-duty drivers influenced their Le Mans teams' fortunes Plus

How Formula E's double-duty drivers influenced their Le Mans teams' fortunes

Eight Formula E drivers made the 7,000-mile sprint from the streets of Jakarta to the fabled Circuit de la Sarthe and every one had a story to share at this year's Le Mans 24 Hours. Despite a range of triumphs and disappointments, each driver doubling up on the day job played a key role in their teams' fortunes

Le Mans
Jun 14, 2022
How an Italian junior formula giant is readying for its Le Mans future Plus

How an Italian junior formula giant is readying for its Le Mans future

Prema remains a colossus in single-seaters, but the serial Formula 2 and Formula 3 title-winning squad has joined forces with top GT squad Iron Lynx for an attack on sportscars in the World Endurance Championship and European Le Mans Series. Ahead of its debut at the Le Mans 24 Hours, its sights are firmly fixed on LMP2 glory – and a future in Hypercars next year...

Le Mans
Jun 8, 2022
The British rookies targeting a good first impression at Le Mans Plus

The British rookies targeting a good first impression at Le Mans

Three young Britons will make their first starts in the Le Mans 24 Hours this weekend in the highly-competitive 23-car GTE Am field. But how did they get here? Autosport hears their stories.

Le Mans
Jun 7, 2022
The wingless wonder Peugeot hopes will restore it to Le Mans glory Plus

The wingless wonder Peugeot hopes will restore it to Le Mans glory

Peugeot went radical with the initial plan for its Le Mans Hypercar project, and then stuck to its guns. Here’s how things are shaping up a few weeks before the debut of the 9X8 in next month's Monza World Endurance Championship round

WEC
Jun 1, 2022
How Toyota’s sole survivor turned the tables at Spa Plus

How Toyota’s sole survivor turned the tables at Spa

After a chastening opening to the season at Sebring that ended in an enormous accident, Toyota's #7 crew got their World Endurance Championship underway with victory at a treacherously slippery Spa to make up for its sister car's Sebring defeat to Alpine, as Glickenhaus's promising qualifying turned to disaster in the race

WEC
May 9, 2022
The Chinese sportscar protege targeting a path to the top with Porsche Plus

The Chinese sportscar protege targeting a path to the top with Porsche

Yifei Ye came within one lap of winning the LMP2 class on his Le Mans 24 Hours debut last year, and his eye-catching 2021 has gained Porsche’s interest. With the German manufacturer preparing for a return to the top tier, the Chinese youngster is on the path to join it

WEC
Apr 14, 2022
How WEC got off to a stormy start in 2022 as rulemakers dampen Toyota's dominance Plus

How WEC got off to a stormy start in 2022 as rulemakers dampen Toyota's dominance

Toyota’s stranglehold on the World Endurance Championship ended at the 2022 opener at Sebring, but all accusing eyes were on the Balance of Performance system as the key to the shake-up. Here's how it unfolded, to see Alpine celebrating under a stormy sky having blown away the defending champions

WEC
Mar 21, 2022
Why Penske remains ambitious for its WEC learning year Plus

Why Penske remains ambitious for its WEC learning year

Team Penske is gearing up for its role in running Porsche’s LMDh programme from 2023 by entering this year's World Endurance Championship with an LMP2 car. Although the team is considering 2022 as a season to learn, it is no less serious about winning than ever - which should make the already fiercely competitive class even more so

WEC
Mar 17, 2022