Motor racing: Haryanto has funding until 11th race, says manager

Wed May 25, 2016 10:27am EDT
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By Alan Baldwin

MONACO (Reuters) - Indonesian Formula One driver Rio Haryanto needs more money to keep his seat at the Manor Racing team, but he is safe for the first half of the season, his manager said on Wednesday.

"The sponsorship is all paid for up until the 11th race," Piers Hunnisett told Reuters at the Monaco Grand Prix. "No problem there. That's fully paid. It's just the process in Indonesia with the government."

The Formula One season has a record 21 races this year, with Haryanto making his debut as Indonesia's first grand prix driver. Sunday's Monaco showcase is the sixth round.

Haryanto earlier acknowledged there were "rumors" that he would only be able to do half the season but hoped to stay.

"My management are working really hard to get the full season," he told reporters.

Hunnisett said he spent all last week in Indonesia talking to would-be sponsors and government officials and was confident the shortfall would be made up.

"I think in the next couple of weeks, and hopefully before Canada (the seventh race on June 12), we'll get something confirmed," he said.

Haryanto's primary sponsor is state-owned oil company Pertamina, which so far has contributed five million euros ($5.57 million) towards the funding needed to secure the race seat at the sport's smallest team.   Continued...

Formula One -  Australia Grand Prix - Melbourne, Australia - 18/03/16 - Manor Racing F1 driver Rio Haryanto shuts his eyes as he sits in his car during the first practice session at the Australian Formula One Grand Prix in Melbourne.   REUTERS/Brandon Malone