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 »
11y 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...
11y ago from SkySports.com
Hope for Marussia?
Administrator for Marussia says the company will 'exit administration'...
11y ago from Pitpass.com
Manor to exit administration as return looks possible
The Manor GP team (formerly Marussia) is set to exit administration later...
11y ago from GrandPrixTimes.com
Vettel pondered F1 exit amid career crisis – Horner
Before making the radical switch to Ferrari, Sebastian Vettel...
11y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
5h ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
9h ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
9h ago from MotorsportWeek.c...
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
54m ago from MotorsportWeek.c...
Understanding IndyCar's new deal with Chevrolet and...
No description available...
1d ago from Motorsport.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
5d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
2d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
2d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Contract stand-off alert: Arsenal smell opportunity as...
Arsenal are plotting an ambitious move to sign the PSG superstar Ousmane...
2h ago from CaughtOffside.com
'He’s got everything to suit the best clubs in...
Former Chelsea star Emmanuel Petit has urged Arsenal to sign Julian...
2h ago from SportsKeeda.com
Man United open internal talks to land 80m...
Igor Thiago continues to be linked with a move away from Brentford after...
3h ago from CaughtOffside.com
Arsenal get green light as 35-goal forward eyes summer...
Nico Williams has been linked with a move away from Athletic Club Bilbao...
1h ago from CaughtOffside.com
Comments
Hottest News
Christian Horner F1 return ditched on eve of 2026 season
Christian Horner's F1 comeback has reportedly... Read More »
2h ago from GPFans.com
Gasly tells F1 fans: Australian GP start will be ‘one to...
Alpine’s Pierre Gasly says F1 fans all over the... Read More »
1h ago from F1i.com
F1 champion lied about his age to get a racing licence
F1 champion Mario Andretti took a trip down... Read More »
34m ago from GPFans.com
