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Manor on track to exit administration
Manor's administrators are expected to issue a statement on Thursday confirming that the former Marussia team is back on the road to the 2015 grid. It was announced recently that, reportedly with new investment secured for the ailing backmarker, administrators FRP Advisory would exit the scene on 19 February due to a restructuring process (CVA) agreed with creditors. "FRP will on Thursday issue a statement confirming they are no longer involved in the administration process and a CVA is up and running," said Press Association journalist Ian Parkes. It is understood that, with former Sainsbury's chief Justin King now involved, even Force India blocking Manor from fielding the 2014...
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9y ago from GrandPrix.com
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