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Manor Grand Prix exits administration
Getty Images Enlarge Manor Grand Prix, the team formerly known as Marussia, has taken an important step towards a return to the F1 grid after it exited administration on Thursday As planned by its administrators earlier this month, the company had a Company Voluntary Arrangement approved, which will see control handed back to the directors. Administrator Geoff Rowley said it is a crucial step as the team attempts to return to F1. "We are pleased that the financial restructuring of the Company has been progressed after creditor approval of the CVA," Rowley said. "With new investment and a continuity of the respected management, the business has the ideal platform from which...
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