News Details

Marussia-Manor exits administration

+ Manor’s chances of racing in Formula 1 this season received a boost on Thursday as the team officially exited administration. The former Marussia squad collapsed into administration in November of last year, and the team subsequently missed the final three races of the 2014 season. The team’s administrators FRP Advisory confirmed easier this month that they planned to bring the collapsed outfit out of administration, and the company had a Company Voluntary Arrangement agreed to on Thursday, handing control of Marussia-Manor back to its former directors. “We are pleased that the financial restructuring of the Company has been progressed after creditor approval of the CVA,” said...
Full Story »
10y ago from RichlandF1.com 0
Share

You May Also Be Interested In...

Manor Grand Prix exits administration

Getty Images Enlarge Manor Grand Prix, the team formerly known as...
10y ago from espnF1.com

Manor-Marussia out of administration

Manor has confirmed it is formally out of administration as it continues...
10y ago from Crash.net

Manor out of administration

Aiding their quest to secure a place on the 2015 grid, the Manor Formula...
10y ago from FormulaSpy.com

Manor to exit administration within days - FRP

Manor received a boost on Thursday as administrators FRP Advisory...
10y ago from GrandPrixTimes.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Scott Dixon awarded prestigious New Zealand honor

To close out 2025, one of IndyCar’s most decorated drivers was awarded...

Popular On TotalWRC.com

Popular On GunnersToday.com

No Nwaneri, no big worries, but a loan would be useful

Morning all. Mikel Arteta will meet the press around lunchtime today to...
35m ago from Arseblog.com

Mikel Arteta eyes future star as Arsenal close in on...

Arsenal are reportedly interested in signing the Blackburn Rovers...
35m ago from CaughtOffside.com

Harry Redknapp names Arsenal star that will 'dominate'...

Former Premier League manager Harry Redknapp has tipped Arsenal star...
35m ago from SportsKeeda.com

Arsenal ready to exploit Arteta connection to sign...

Arsenal are interested in signing the Newcastle United defender Tino...
1h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.