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Administrators give new hope to ailing Marussia
Troubled Formula 1 team Marussia could yet start the new season after administrators said discussions were under way to secure its financial future.
'Since the appointment of administrators negotiations have taken place with a number of parties to try and secure a long term solution for the team,' Geoff Rowley, joint administrator and partner at FRP Advisory, said in a statement on Wednesday.
'We can confirm that negotiations continue towards a longer term viable solution for the business and participation of a team in the 2015 season.'
Rowley and Geoff Carton-Kelly, partners in the specialist restructuring and advisory firm, were appointed as administrators to Manor Grand Prix Racing...
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10y ago from GrandPrix247.com
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