CGF takeover bid: talks anticipated to end

MANOR

Manor Racing Fan Blog understands an announcement will be made regarding the conclusion of talks between representatives from CGF and the administrators acting on behalf on Manor Racing in the early part of this week.

We understand that talks were ongoing over the weekend but as things stood on Sunday morning, the deal is not expected to be complete.

We understand that CGF believed a deal was going to be done as late as last Thursday but a new hurdle has been placed in front of the deal which may prove fatal for the bid.

We will try remain hopefully that both parties will be able to agree a deal. There has already been multiples twists and turns with this deal and hope that the latest hurdle can be overcome.