Marussia/Manor to exit administration
Discussion
rubystone said:
R1 Indy said:
I may be missing something.....
But why have the other teams rejected this?
It's hardly like a shoestring 2014 car is going to be a threat to them.
They seem to think Marussia's 2014 prize money may be split between them? After all, they greenlighted Caterham's use of their 2014 chassis.But why have the other teams rejected this?
It's hardly like a shoestring 2014 car is going to be a threat to them.
If Force India were one of the naysayers, I shall lose all respect for them. And given Ferrari's connections with Marussia through Bianchi, surely they would have been in favour as long as they were paid their bills from 2014?
Very piss poor show.
rubystone said:
They seem to think Marussia's 2014 prize money may be split between them? After all, they greenlighted Caterham's use of their 2014 chassis.
If it can be confirmed they agreed to Caterham running their 2014 car then it becomes obvious there's no technical reason for excluding Manor - I wonder if in that case if Manor would have a basis for a legal challenge Its worth reading https://joesaward.wordpress.com/ on the subject.
rubystone said:
They seem to think Marussia's 2014 prize money may be split between them? After all, they greenlighted Caterham's use of their 2014 chassis.
If Force India were one of the naysayers, I shall lose all respect for them. And given Ferrari's connections with Marussia through Bianchi, surely they would have been in favour as long as they were paid their bills from 2014?
Very piss poor show.
Thats the point though. Ferrari will never get that money back and so they will get more from saying no then saying yes. As a business decision you can get 1p in the £ from the administrator or get a few million from Bernie. As a sporting decision it is a real shameIf Force India were one of the naysayers, I shall lose all respect for them. And given Ferrari's connections with Marussia through Bianchi, surely they would have been in favour as long as they were paid their bills from 2014?
Very piss poor show.
According to the BBC it was Force India who blocked it - http://www.bbc.co.uk/sport/0/formula1/31158612
Considering they may not have a 2015 chassis themselves it seems a dangerous gamble from them as they may be requesting the same and whilst Manor have an entry.....
Considering they may not have a 2015 chassis themselves it seems a dangerous gamble from them as they may be requesting the same and whilst Manor have an entry.....
sirtyro said:
Thats the point though. Ferrari will never get that money back and so they will get more from saying no then saying yes. As a business decision you can get 1p in the £ from the administrator or get a few million from Bernie. As a sporting decision it is a real shame
Ferrari need berths for the likes of Marciello and Stroll. Perhaps that's worth more than the US$25m they are owed? And as for the BBC comments, can one team really have an impact? I thought it was a majority vote that worked in the strategy group?If thats true....then maybe its spite?
FI need the cash and are fighting now to find the cash to get their chassis made, maybe they asked Bernie to allow them to use the 2014 chassis after Caterham were approved, and were rejected? Shouldn't speculate really....
I can't see any sporting or financial reason why they would block it, Manor should not be a threat to them and i severely doubt the 2014 prize money would go to the other teams, Bernie has said countless times that wont happen. If the money were to be split it would not be split evenly..I'd assume it would be added back to the pot and split in the same ratios as the rest
FI need the cash and are fighting now to find the cash to get their chassis made, maybe they asked Bernie to allow them to use the 2014 chassis after Caterham were approved, and were rejected? Shouldn't speculate really....
I can't see any sporting or financial reason why they would block it, Manor should not be a threat to them and i severely doubt the 2014 prize money would go to the other teams, Bernie has said countless times that wont happen. If the money were to be split it would not be split evenly..I'd assume it would be added back to the pot and split in the same ratios as the rest
rubystone said:
Ferrari need berths for the likes of Marciello and Stroll. Perhaps that's worth more than the US$25m they are owed? And as for the BBC comments, can one team really have an impact? I thought it was a majority vote that worked in the strategy group?
Based on the Joe Saward article content if FOM and the FIA voted against it would only take one team - I think 
It will be interesting to see if the ins and outs of why Force India vetoed use of the 2014 chassis are ever revealed. I fear it's another massive own goal for the sport, sadly - many hardcore fans, casual fans and potential fans will just be left scratching their heads and thinking "why on earth...?" as F1 publicly makes another utterly baffling decision and the teams are once again perceived as utterky self absorbed with no wider concern for their sport as a whole.
It was Force India, they want the money.
With unanimous support from the teams in the strategy group required as soon as they said no the idea of using the 2014 cars was dead, simple as that.
Fingers crossed the new owners will manage to get a 2015 compliant chassis together by Bahrain anyway and stick a big middle finger up to Force India.
With unanimous support from the teams in the strategy group required as soon as they said no the idea of using the 2014 cars was dead, simple as that.
Fingers crossed the new owners will manage to get a 2015 compliant chassis together by Bahrain anyway and stick a big middle finger up to Force India.
BBC are reporting that Force India blocked Marussia using a 2014 car.
Given the poor showing of Force India so far this year, I'd have thought their business plan should be to jog around the back in a 2014 car and pick up the prize money.
Oddly short sighted of them to block use of a 2014 car if the reports are correct.
Given the poor showing of Force India so far this year, I'd have thought their business plan should be to jog around the back in a 2014 car and pick up the prize money.
Oddly short sighted of them to block use of a 2014 car if the reports are correct.
From Marussia F1 Facebook Page...
MANOR F1 TEAM OUTLINES PROCESS INVOLVED IN GETTING TO THE 2015 GRID
6 February 2015
Following the initiation of the CVA process by Marussia F1 Team administrators FRP Advisory earlier this week, and the confidence this step brings to the process of saving Marussia, the team is now pleased to be able to confirm some of the detail of this process.
- On 17 December 2014, the team made a request to the Strategy Group to consider allowing it to use a 2014 race car, modified to meet certain 2015 regulations, for part of the 2015 season. Following analysis, the team highlighted that this would need some form of dispensation on only a small number of clauses in the Regulations.
- Subsequent to this application, the team was informed on 5 January 2015, that the Strategy Group felt that two teams - Marussia and Caterham - should be permitted to race a 2014 car in the 2015 championship. The letter stated that the Strategy Group agreed that the car should comply with all of the 2015 technical regulations, with the exception of four articles, those articles being Articles 3.7.9, 15.4.3, 15.4.4 and 16.2. The team can confirm that the modifications to its 2014 car would meet this stipulation.
- A change to the Regulations at this stage does require unanimous consent from all teams and following the initiation of the CVA process, the team is now actively engaged in achieving this. This process involves providing all relevant information to the teams to allow them to fully consider its request.
- As the press release from FRP Advisory of 4 February states, given the confidential nature of the negotiations underway, neither they nor the team are able to provide further details regarding the team’s new investors, however those investors have either met with or spoken to the key F1 bodies.
- The team has been busy preparing its 2014 cars such that they comply with the stipulations of the Strategy Group and at the same time it is pressing on with the development of its 2015 car to ensure it can supersede the 2014 car as soon as possible.
- The team has a significant number of staff already working on both its 2014 and 2015 cars. It also has the benefit of being able to recruit further staff very quickly from the rich pool of experienced and talented F1 personnel who were left unemployed following the closure of Marussia and Caterham and due to job cuts made by other teams in the sport.
Commenting on the team’s progress, and also comments emerging from yesterday’s F1 Strategy Group meeting in Paris, Graeme Lowdon, a representative of the team, said:
“It has been a very good step to finally get the CVA process underway this week. This is the first external sign that we have been able to make of all the hard work that has taken place privately over the past four months to get us to our current position.
“I was surprised to hear some of the comments made today, particularly regarding an application we were said to have made to yesterday’s meeting, which I can confirm was not the case. We did make a request on 17 December last year and we have been working since to satisfy the requirements subsequently communicated to us, specifically complying with all the Regulations, aside from the exempted articles.
“The comments also mentioned that issues of compliance were raised, that it was felt that our application lacked substance and contained no supporting documentation to reinforce the case for offering special dispensation. Again, we did not make any application to yesterday’s Strategy Group meeting and nor were we asked to.
“Instead, we are proceeding with our clear process regarding compliance and building our operation. We are doing everything possible to adhere to the process set out for us to return to the 2015 grid. This is a fantastic good news story for the whole sport and we just want to go racing.”
https://www.facebook.com/ManorRacing/posts/7802839...
MANOR F1 TEAM OUTLINES PROCESS INVOLVED IN GETTING TO THE 2015 GRID
6 February 2015
Following the initiation of the CVA process by Marussia F1 Team administrators FRP Advisory earlier this week, and the confidence this step brings to the process of saving Marussia, the team is now pleased to be able to confirm some of the detail of this process.
- On 17 December 2014, the team made a request to the Strategy Group to consider allowing it to use a 2014 race car, modified to meet certain 2015 regulations, for part of the 2015 season. Following analysis, the team highlighted that this would need some form of dispensation on only a small number of clauses in the Regulations.
- Subsequent to this application, the team was informed on 5 January 2015, that the Strategy Group felt that two teams - Marussia and Caterham - should be permitted to race a 2014 car in the 2015 championship. The letter stated that the Strategy Group agreed that the car should comply with all of the 2015 technical regulations, with the exception of four articles, those articles being Articles 3.7.9, 15.4.3, 15.4.4 and 16.2. The team can confirm that the modifications to its 2014 car would meet this stipulation.
- A change to the Regulations at this stage does require unanimous consent from all teams and following the initiation of the CVA process, the team is now actively engaged in achieving this. This process involves providing all relevant information to the teams to allow them to fully consider its request.
- As the press release from FRP Advisory of 4 February states, given the confidential nature of the negotiations underway, neither they nor the team are able to provide further details regarding the team’s new investors, however those investors have either met with or spoken to the key F1 bodies.
- The team has been busy preparing its 2014 cars such that they comply with the stipulations of the Strategy Group and at the same time it is pressing on with the development of its 2015 car to ensure it can supersede the 2014 car as soon as possible.
- The team has a significant number of staff already working on both its 2014 and 2015 cars. It also has the benefit of being able to recruit further staff very quickly from the rich pool of experienced and talented F1 personnel who were left unemployed following the closure of Marussia and Caterham and due to job cuts made by other teams in the sport.
Commenting on the team’s progress, and also comments emerging from yesterday’s F1 Strategy Group meeting in Paris, Graeme Lowdon, a representative of the team, said:
“It has been a very good step to finally get the CVA process underway this week. This is the first external sign that we have been able to make of all the hard work that has taken place privately over the past four months to get us to our current position.
“I was surprised to hear some of the comments made today, particularly regarding an application we were said to have made to yesterday’s meeting, which I can confirm was not the case. We did make a request on 17 December last year and we have been working since to satisfy the requirements subsequently communicated to us, specifically complying with all the Regulations, aside from the exempted articles.
“The comments also mentioned that issues of compliance were raised, that it was felt that our application lacked substance and contained no supporting documentation to reinforce the case for offering special dispensation. Again, we did not make any application to yesterday’s Strategy Group meeting and nor were we asked to.
“Instead, we are proceeding with our clear process regarding compliance and building our operation. We are doing everything possible to adhere to the process set out for us to return to the 2015 grid. This is a fantastic good news story for the whole sport and we just want to go racing.”
https://www.facebook.com/ManorRacing/posts/7802839...
Gassing Station | Formula 1 | Top of Page | What's New | My Stuff