Marussia/Manor to exit administration
Discussion
PW said:
Chrisgr31 said:
Whilst I am aware they never had backing from Virgin
Never? Then it was an unusual move to name the team and use logos of a company picked at random with no commercial basis whatsoever.holders/owners of their sponsors, seem to have significant money troubles of their own.
rscott said:
Sammo123 said:
Mark-C said:
Autosport are reporting that Manor have agreed an engine deal with Ferrari ....
To supply them with 2014 engines.PW said:
Working for a small business that operates on a small number of big contracts, it's not just being owed money, but having to find replacement work to fill that gap.
But they can probably afford it, so it's all ok.
.......
Midweek Motorsport reported this week that Force India's suppliers were demanding payment up front as a direct consequence of Marussia/Caterham, which combined with their own financial issues caused the delays to their 2015 programme, which has in turn caused delays to other teams and companies using those suppliers - they specifically mentioned an unnamed LMP team as being affected.
It is one of the risks of being in business that on occasions you'll lose money because a customer goes bust, and fairly often that customer or the people behind them will after a short period be back doing wok for you. The fact that Marussia and Caterham were in trouble financially last season was hardly a big secret, and there were constant rumours about 3 other teams as well. As a supplier you can set your terms to them, they make not accept them and go elsewhere, thats business.But they can probably afford it, so it's all ok.
.......
Midweek Motorsport reported this week that Force India's suppliers were demanding payment up front as a direct consequence of Marussia/Caterham, which combined with their own financial issues caused the delays to their 2015 programme, which has in turn caused delays to other teams and companies using those suppliers - they specifically mentioned an unnamed LMP team as being affected.
As a matter of interest who briefed Midweek Motorsport on the story? Irrespective of the Marussia and Caterham failing from the constant speculation on the internet you'd be a brave person to be sure that FI will be around to pay you. So in my opinion its not surprising that suppliers want their money up front even without the Marussia/Caterham business. Its very easy to spread rumpurs about unnamed teams whether in LMP or another series. Without knowing the team we have no idea what the perception is about their funding. Its no different to a landlord seeking a rent deposit. If you have a great name, great credit record the Landlord won't want a rent deposit. However if you are a new company, poor credit score or whatever the prudent landlord will want a rent deposit. Its business your terms reflect the strengths of the parties.
Chrisgr31 said:
thegreenhell said:
It's unlikely that a 2015 engine would fit in a 2014 chassis without a lot of rework to the car.
I think that the fixing points on an engine are common between the manufacturers these days. Fairly sure its in the rules, to make it easier for teams to swap engines.Chrisgr31 said:
It is one of the risks of being in business that on occasions you'll lose money because a customer goes bust, and fairly often that customer or the people behind them will after a short period be back doing wok for you. The fact that Marussia and Caterham were in trouble financially last season was hardly a big secret, and there were constant rumours about 3 other teams as well. As a supplier you can set your terms to them, they make not accept them and go elsewhere, thats business.
As a matter of interest who briefed Midweek Motorsport on the story? Irrespective of the Marussia and Caterham failing from the constant speculation on the internet you'd be a brave person to be sure that FI will be around to pay you. So in my opinion its not surprising that suppliers want their money up front even without the Marussia/Caterham business. Its very easy to spread rumpurs about unnamed teams whether in LMP or another series. Without knowing the team we have no idea what the perception is about their funding. Its no different to a landlord seeking a rent deposit. If you have a great name, great credit record the Landlord won't want a rent deposit. However if you are a new company, poor credit score or whatever the prudent landlord will want a rent deposit. Its business your terms reflect the strengths of the parties.
Onc again, stop posting reasoned, rational, logical responses. I'm off to find an unsubstantiated story online to support a contra-argument to yours. And whilst I'm at it, I'll pour myself a Whyte & Mackay. If anyone wants the unopened bottle I have in my cupboard, it's available for 25% less than I paid for it.As a matter of interest who briefed Midweek Motorsport on the story? Irrespective of the Marussia and Caterham failing from the constant speculation on the internet you'd be a brave person to be sure that FI will be around to pay you. So in my opinion its not surprising that suppliers want their money up front even without the Marussia/Caterham business. Its very easy to spread rumpurs about unnamed teams whether in LMP or another series. Without knowing the team we have no idea what the perception is about their funding. Its no different to a landlord seeking a rent deposit. If you have a great name, great credit record the Landlord won't want a rent deposit. However if you are a new company, poor credit score or whatever the prudent landlord will want a rent deposit. Its business your terms reflect the strengths of the parties.
PW said:
rubystone said:
I'm off to find an unsubstantiated story online to support a contra-argument to yours.
I'm merely repeating what a highly regarded group of journalists in that field have said - if you don't believe them, ok, that's up to you. Not really sure why saying "I don't believe them" isn't enough and instead someone needs to go to the length of creating a fictional scenario whereby it's really just a careful supplier being diligent before dealing with a disreputable LMP team to "prove" it's wrong, and then need their ego stroked by having the fairy story reviewed as "factually correct, reasoned, rational & logical"...
Latest statement from Manor
"MANOR GEARING UP FOR MELBOURNE
- Will Stevens announced as first race driver
- Car at advanced stage of build
25 February 2015, 12.30hrs GMT
The Manor Marussia F1 Team is making huge strides towards the 2015 FIA Formula One World Championship season opener in Melbourne, Australia, in just over two weeks’ time.
The next exciting step for the team is to make the first of its driver line-up announcements, with the news that Will Stevens will be an official 2015 Manor race driver.
Will, 23, is known to the team from his brief time in the role of Marussia Reserve Driver towards the end of the 2014 season. He went on to race for Caterham in the season finale in Abu Dhabi and produced the impressive performance anticipated of a driver who has won races in every category in which he has competed, against some of the very best junior drivers.
A fundamental element of the Manor philosophy has always been to provide opportunity for the next generation of motor racing talent, a part of the team’s long and proud history that will be retained into the future. Manor has started many young drivers out on the path to success, including Formula One world champions Lewis Hamilton and Kimi Raikkonen.
The approval by the Company’s creditors on 19 February 2015 to a Company Voluntary Arrangement paves the way for the team to exit from administration and since that time everyone involved with Manor has been working flat out on the key components of its 2015 challenge.
The car with which Manor will begin the season is now in an advanced stage of build at the team’s current race preparation facility in Dinnington, UK, where personnel are working 24-7 towards the air freight despatch date of 6 March.
As the sport counts down to the curtain-raising 2015 Formula 1 Rolex Australian Grand Prix in 18 days’ time, Manor is now in a position to be able to provide regular updates on its preparations for Melbourne and wider plans for the season, including the completion of its driver line-up.
Commenting on the announcement of his race seat today, Will Stevens said: “It’s very exciting to see everything coming together at Manor after the tremendous effort that has gone into saving the team. It would not have been possible without the incredible support we have received from all the suppliers and from within the sport, but most of all the fantastic team of people at Manor who are working around the clock to ensure we are ready for Melbourne. My thanks to the team for their confidence in me and I can’t wait to see all the hard work rewarded when we line up on the grid in two weeks’ time."
"MANOR GEARING UP FOR MELBOURNE
- Will Stevens announced as first race driver
- Car at advanced stage of build
25 February 2015, 12.30hrs GMT
The Manor Marussia F1 Team is making huge strides towards the 2015 FIA Formula One World Championship season opener in Melbourne, Australia, in just over two weeks’ time.
The next exciting step for the team is to make the first of its driver line-up announcements, with the news that Will Stevens will be an official 2015 Manor race driver.
Will, 23, is known to the team from his brief time in the role of Marussia Reserve Driver towards the end of the 2014 season. He went on to race for Caterham in the season finale in Abu Dhabi and produced the impressive performance anticipated of a driver who has won races in every category in which he has competed, against some of the very best junior drivers.
A fundamental element of the Manor philosophy has always been to provide opportunity for the next generation of motor racing talent, a part of the team’s long and proud history that will be retained into the future. Manor has started many young drivers out on the path to success, including Formula One world champions Lewis Hamilton and Kimi Raikkonen.
The approval by the Company’s creditors on 19 February 2015 to a Company Voluntary Arrangement paves the way for the team to exit from administration and since that time everyone involved with Manor has been working flat out on the key components of its 2015 challenge.
The car with which Manor will begin the season is now in an advanced stage of build at the team’s current race preparation facility in Dinnington, UK, where personnel are working 24-7 towards the air freight despatch date of 6 March.
As the sport counts down to the curtain-raising 2015 Formula 1 Rolex Australian Grand Prix in 18 days’ time, Manor is now in a position to be able to provide regular updates on its preparations for Melbourne and wider plans for the season, including the completion of its driver line-up.
Commenting on the announcement of his race seat today, Will Stevens said: “It’s very exciting to see everything coming together at Manor after the tremendous effort that has gone into saving the team. It would not have been possible without the incredible support we have received from all the suppliers and from within the sport, but most of all the fantastic team of people at Manor who are working around the clock to ensure we are ready for Melbourne. My thanks to the team for their confidence in me and I can’t wait to see all the hard work rewarded when we line up on the grid in two weeks’ time."
IforB said:
Given that everyone else will have made a leap forwards in terms of lap time, what are the chances of Manor getting within 107% of Mercedes (assuming they are the pacesetters again) and qualifying? Even if they make it onto the grid?
They need to be within 107% of the fastest time in Q3, last year this was a 1.30.775 so the 107% time was a 1.37.129. Bianchi managed a 1.34.794 and was slowest of the two Marussia drivers. If we assume the fastest cars go 2.5 seconds a lap faster this year the 107% time becomes 1.34.454 and if the two Manor/Marussia cars clock the same times then Chilton would make it in and Bianchi would be out by less than 0.4 seconds.In reality the new cars will be a bit quicker than they were in race 1 of 2014, and IIRC the tyres are a bit quicker too so I think they'd just about be safe, even with a lightly warmed over 2014 car.
Lincsblokey said:
Manor make it to melbourne.
Force India get embroiled in a massive £££ row
Sauber, mclaren & one other car have DNF's
Manor get a couple of points.
Please.
God yes.Force India get embroiled in a massive £££ row
Sauber, mclaren & one other car have DNF's
Manor get a couple of points.
Please.
To be honest, just getting to the finish on Sunday would be a fantastic achievement (and lets be fair, they have been pretty good at that in the past). Best of luck to 'em.
Redlake27 said:
Good news. Let's hope for a solid season....
Anyone know who Will's backers are? They seem to be developing a trend in rescuing teams....
Wasn't he a Racing Steps guy?Anyone know who Will's backers are? They seem to be developing a trend in rescuing teams....
On the subject of what constitutes an acceptable appearance, I recall an article from one of the hacks recently that made it clear that as is usual in F1, there's a degree of ambiguity over this area...let the games begin...
IforB said:
Given that everyone else will have made a leap forwards in terms of lap time, what are the chances of Manor getting within 107% of Mercedes (assuming they are the pacesetters again) and qualifying? Even if they make it onto the grid?
The 107% rule hasn't really been properly applied for ages. Teams have been outside of this recently and not been removed from the race.Gassing Station | Formula 1 | Top of Page | What's New | My Stuff