The team, which ran under Marussia last season, went into administration last October after missing the final three races of the year. Manor's hopes of returning to the sport appeared to suffer a setback when Force India voted against a concession that would have allowed the team to run a modified 2014-spec car to start the season. But the sport's governing body the FIA said last week that it would keep the entry list open as long as possible to give the team, which has already paid its entry fee, the best chance of making it onto the grid.
Manor has been working to get a 2015-spec car ready in time for before the Chinese Grand Prix in mid-April, and thus claim the valuable prize money which it won last season for finishing ninth in the constructors' championship. News that the team has entered an arrangement called a Company Voluntary Agreement (CVA), which has involved restructuring its financial debt, means the team now has a platform to allow it to continue in Formula 1.
Lets hope Manor will be on the F1 grid in 2015 after getting out of administration.
End of blog for now, new post soon. Bye.
No comments:
Post a Comment