Marussia/Manor to exit administration

Marussia/Manor to exit administration

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MartG

Original Poster:

20,695 posts

205 months

Wednesday 4th February 2015
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It's being reported that Marussia Manor are to exit administration in a couple of weeks, and are expecting to be on the grid in Australia

http://www1.skysports.com/f1/news/17581/9698920/ma...

I hope they manage to do it

MartG

Original Poster:

20,695 posts

205 months

Thursday 5th February 2015
quotequote all
tts - can't they see that they are progressively making the sport less interesting for spectators by failing to put enough cars on the track ? Four car fewer this year than last ( maybe six if Force India don't get their act together ) frown

MartG

Original Poster:

20,695 posts

205 months

Thursday 5th February 2015
quotequote all
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

MartG

Original Poster:

20,695 posts

205 months

Friday 6th February 2015
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Very short term thinking on behalf of certain teams who could very well be in the same position this time next year ( if not this year FI )

MartG

Original Poster:

20,695 posts

205 months

Tuesday 17th February 2015
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suffolk009 said:
Redlake27 said:
And if they got a point again at a random Monaco-esque style race, it would be wonderful.
Even better if also they beat Force India.
Ooooh, yes biggrin

MartG

Original Poster:

20,695 posts

205 months

Tuesday 17th February 2015
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MartG

Original Poster:

20,695 posts

205 months

Friday 20th February 2015
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lbc said:
Is Max Chilton available for some races?

I know he is in USA now, but must have some spare time.
He seems to be doing alright http://www.motorsport.com/indylights/news/winterfe...

MartG

Original Poster:

20,695 posts

205 months

Wednesday 25th February 2015
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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."

MartG

Original Poster:

20,695 posts

205 months

Wednesday 4th March 2015
quotequote all
Latest missive from the team

"READY TO RACE
• MANOR BEGIN 2015 SEASON IN MELBOURNE
• STEPHEN FITZPATRICK IS NEW INVESTOR IN TEAM
• JUSTIN KING APPOINTED INTERIM TEAM CHAIRMAN
• TEAM EXITS ADMINISTRATION
• DRIVER LINE-UP SOON TO BE COMPLETED
• ALL EFFORTS FOCUSED ON PREPARING FOR 2015 SEASON
4 March 2015, 17.00hrs
The Manor Marussia F1 Team looks forward to its participation in the 2015 FIA Formula One World Championship.
Formal agreement was reached with Manor’s creditors on Thursday 19th February 2015 in order to allow the team to come out of administration, following new investment from Stephen Fitzpatrick.
Manor’s President & Sporting Director will be Graeme Lowdon, with former Sainsbury’s CEO Justin King taking over as the team’s interim Chairman.
The team has been preparing the cars with which it will begin the 2015 season and which comply fully with the 2015 regulations. Later in the season it will introduce a new 2015 specification car as per the designs initiated last year.
Graeme Lowdon said: “I want to thank all of the teams, the FIA, Formula One Management, our suppliers and staff and of course all of the fans for the support we’ve received over the past six months. It has been a challenging period for all of us but we’ve come through it and now we just want to go racing again. With formidable new business leadership in Stephen Fitzpatrick and the board presence of Justin King we are now in a great place ahead of the new season. This is a fantastic and very rewarding moment for all those involved with the team.”
Justin King said: “It’s a real pleasure for me to be involved in Manor. I know from the years I spent at Sainsbury’s that with the right people, the right values, and sheer hard work, you can turn any business around. In Graeme and Team Principal John Booth we have all three and I’m fully confident that we can help Manor be competitive at the highest level of racing.”
Stephen Fitzpatrick said: “We've all worked incredibly hard to get the car ready for Melbourne and the season ahead. Our fans have given the team amazing support for many years and we want to restore Manor to the very best of racing in the future. I have a lifelong passion for Formula One and can't wait for the season ahead, with Manor and the team.”