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Manor to exit administration as return looks possible
The Manor GP team (formerly Marussia) is set to exit administration later this month following successful talks with a new investor. The outfit entered administration last year when majority owner Nikolai Fomenko - who also owns Marussia Motors - pulled out of the team, leaving its budget with a major shortfall. The team missed the final three races of the 2014 season despite an almost successful comeback in Abu Dhabi which failed at the final hurdle, unlike rival Caterham which did make it to the final race. However it's been reported that administrators FRP Advisory have come to an agreement with a new investor which will see the team exit administration on February 19th. It will operate...
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