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Manor-Marussia out of administration
Manor has confirmed it is formally out of administration as it continues to forge a path towards a return to the Formula 1 World Championship. The team, formerly known as Marussia, revealed its plans to come out of administration on this date earlier in the month and the FRP Advisory overseeing its case has subsequently confirmed this is the case. It is a boost for Manor following the block by rival teams to return to the F1 grid with an interim 2014 specification car, though it still faces hurdles in its quest to get back on the grid for the opening round of the season in Australia on 15th March. Manor will now enter a Company Voluntary Arrangement and gives it a more stable foundation...
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