Rio Haryanto’s race to secure the funds needed to remain a Manor race driver ended on Wednesday with the news that he has been demoted to a test driver role.
According to reports Haryanto needed to raise €7 million to retain his race-seat for the remainder of this season.
But, unable to do that, Manor announced on Wednesday that they had taken the decision to terminate his contract as he was unable to meet his contractual obligations.
The team, though, has offered him a test driver role for the remaining nine rounds of the championship.
“Rio has been a much-valued member of our team since January, when we signed a contract with him for this season,” said racing director Dave Ryan.
“Some time ago, his management indicated that they were experiencing difficulties honouring the obligations of that contract beyond the Hungarian Grand Prix.
“Rio’s team have worked tirelessly to try to resolve that situation with his Indonesian backers and we have supported those efforts as much as possible, including allowing Rio to race in Germany.
“Unfortunately we reached a point where, in the best interests of the team, we were forced to explore other options for the remainder of the season.
“We are very pleased to continue our support for Rio’s Formula 1 ambitions, by offering him a Reserve Driver role for the rest of the current season. We very much hope that he will accept that offer.”
Manor have revealed that Esteban Ocon will replace the Indonesian driver.