News Details
Marussia set to exit administration on February 19
Sky Sports News HQ’s Craig Slater has the latest on Marussia: “Marussia have announced their intention to come out of administration by a company voluntary arrangement. I have been in touch with their administrators and one of them – James Rossiter – has released this statement:
‘It is envisaged that, prior to the commencement of the first race of the 2015 season, investment into the business will be made upon the Company exiting from administration via a Company Voluntary Arrangement (“CVA”), which is planned for 19 February 2015. A CVA is a restructuring process agreed with the Company’s creditors which allows for a turnaround of the business and the creation of a...
Full Story »
Full Story »
10y ago from ThisIsF1.com
0
You May Also Be Interested In...
Marussia to exit administration
Marussia's administrators have announced that the beleaguered team will...
10y ago from SkySports.com
Hope for Marussia?
Administrator for Marussia says the company will 'exit administration'...
10y ago from Pitpass.com
Manor to exit administration as return looks possible
The Manor GP team (formerly Marussia) is set to exit administration later...
10y ago from GrandPrixTimes.com
Vettel pondered F1 exit amid career crisis – Horner
Before making the radical switch to Ferrari, Sebastian Vettel...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: Accepting I might not win at Barcelona...
No description available...
4h ago from Motorsport.com
Brad Binder explains KTM’s rapid pace in Catalan GP...
No description available...
5h ago from Motorsport.com
Francesco Bagnaia baffled by nightmare Catalan GP...
No description available...
6h ago from Motorsport.com
Brad Binder leads KTM 1-2 in second Barcelona MotoGP...
Brad Binder set a new all-time lap record around the Barcelona circuit to...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
2d ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
2d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
2d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
5d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
4d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot surprise decision after ‘smart...
Arsenal handed a new contract to Belgian attacker Leandro Trossard last...
8h ago from CaughtOffside.com
'Clause only for Liverpool' revealed as Reds have edge...
Liverpool have the edge over Premier League rivals such as Chelsea and...
14h ago from CaughtOffside.com
Club accelerating efforts to sign Arsenal star while...
Arsenal are reportedly still facing interest in versatile Belgian attacker...
12h ago from CaughtOffside.com
Report: Arsenal and Man City given hope of signing...
Real Madrid attacker Rodrygo Goes was linked with a move away from the...
7h ago from CaughtOffside.com
Comments
Hottest News
Jeremy Clarkson says F1 drivers are all fine - EXCEPT ONE
Jeremy Clarkson has released a cryptic post about... Read More »
1h ago from GPFans.com
F1 2025 Italian Grand Prix – FP2 Results
McLaren's Lando Norris topped the times in the... Read More »
6h ago from MotorsportWeek.com
FIA race director reveals intentional safety car plan at...
FIA race director Rui Marques has revealed the... Read More »
2h ago from GPFans.com