Rival teams set to share £34 million prize money that would have gone to Manor for finishing in ninth place

(© Ben Johnston 2014)

It has been revealed that following the news that the Manor F1 Team won’t return to the grid this season that the £34 million that the outfit were due to get will be distributed amongst the rest of the teams on the grid.

The Independent newspaper in the UK reports that Formula One boss Bernie Ecclestone has confirmed that Manor’s price money will now go to the other teams. It has also been revealed that the Sahara Force India Formula One Team were the outfit who vetoed the Manor F1 Team’s return to grid in 2015.

The news that the other teams get will receive the £34 million comes on the same day that Smith and Williamson confirmed that the remaining Caterham F1 Team assets will be sold off.

© Ben Johnston 2015