Manor Grand Prix Racing Limited, one of the new racing teams competing for the first time in the 2010 FIA Formula One World Championship, has received equity support from UK private equity house Lloyds TSB Development Capital (LDC).
Manor Grand Prix is led by two British firms, Manor Motorsport and car designer WR Technology Limited (WRT).
Manor Motorsport has been successful in Formula 3 and has identified and nurtured such future F1 champions as Lewis Hamilton and Kimi Raikkonen. WRT, part of the Wirth Research Group of companies, is a UK-based car designer with success in both Indy Car (INDY) and the American Le Mans Series (ALMS) cars.
Manor Grand Prix team include Chairman Etienne de Villiers, formerly a senior Walt Disney Studios executive, Chairman of BBC Worldwide and the ATP World Tour; group’s CEO Alex Tai, a former senior director of Virgin Group; Sporting Director John Booth, founder of Manor Motorsport, with 21 years’ experience in motor racing; Nick Wirth, founder of WRT, a race car designer and engineer who has worked with many F1 teams. Director of Racing, Graeme Lowdon, an entrepreneur and businessman who orchestrated the establishment of Manor and was key to bringing the current team together.