Before the Abu Dhabi Grand Prix reports circulated and were confirmed by Stephen Fitzpatrick, that the team were in advanced talks with a new investor. However, in early January 2017 the team's parent company was put under administration after the investment talks failed, putting their participation in the 2017 season into doubt. Although they paid their 2017 entry fee, since their participation did not materialise, the entry fee was returned by the FIA at the end of 2017.