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Marussia/Manor set to exit administration
Marussia/Manor's move to a Company Voluntary Agreement has been approved, which in effect means that the team can take the first steps towards returning to the Formula One grid. Today had been earmarked a fortnight ago as the date for the move to a CVA. The team is meanwhile pushing ahead with plans to have a 2015-legal car ready, in theory by the fourth race of the season at the latest. A statement from administrators FRP Advisory said: "The joint administrators confirm the requisite approval by the Company's creditors on 19 February 2015 to a Company Voluntary Arrangement, which allows for control of the Company to be passed back to the directors and the Company to exit from...
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9y ago from Motorsport.com
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