Formula 1

Manor F1 Team to line up in Melbourne

Manor F1 Team

The Manor F1 Team will pick up the pieces from Marussia and line up at the Australian Grand Prix this weekend. The team will run a modified MR03 chassis, upgraded to 2015 spec, with a Ferrari power unit.

Will Stevens (23) will resume his duties following his development role with Marussia in 2014. He made his competition debut with Caterham in the final race of the year at the 2014 Abu Dhabi Grand Prix. He will be joined by F1 rookie Roberto Merhi (23) who has a deal for the “opening races” of the season. Both have achieved success in junior formulae, including Formula Renault 3.5.

Stevens will race with #28, while Merhi will use #98.

Jordan King, son of Manor F1 Team chairman Justin King, will take on the role of reserve and development driver.

[Source: Autosport]

Formula 1

Marussia F1 Team closes its doors

2014 Belgian Grand Prix

The Marussia F1 Team has been shut down and will not race again this year or in 2015. Administrators FRP Advisory LLP were unable to find a buyer for the team and as a result all staff have been made redundant.

“It goes without saying that it is deeply regrettable that a business with such a great following in British and world motorsport has had to cease trading and close its doors,” wrote Geoff Rowley from FRP.

“The group was put into administration last month following a shortfall in ongoing funding and the administration process provided a moratorium to allow for attempts to secure a long term viable solution for the company within in a very limited timeframe.

“Sadly no solution could be achieved to allow for the business to continue in its current form. We would like to thank all the staff for their support during this difficult process.”

Monisha Kaltenborn, Sauber Team Principal, has her own financial pressures to deal with, having recently threatened to boycott the United States Grand Prix and then selling its 2015 driver lineup to the highest bidders.

Commenting on the demise of Marussia, Kaltenborn said: “We have a turnover of billions of dollars and yet we are not in a position to keep 11 teams alive.

“And that tells you it is not a good signal the sport is sending out and we are creating a bad image.

“So you have to look at how the revenues are distributed and you have to find a way to reduce the costs.”

After the US GP Donald MacKenzie, co-chairman of F1’s largest shareholder CVC Capital Partners, said he was prepared to act above Bernie Eccelstone and take measures to improve the plight of the struggling teams.

[Source: Autosport & BBC]

Caterham Formula 1

To the Manor (re)born

2014 Hungarian Grand Prix

The future of the F1 teams we currently know as Marussia and Caterham are bleak, as we know. However the official entry list for the 2015 Formula 1 season shows a pathway does exist for them to carry on, but not as we know them.

Entered on the 2015 list are Manor Grand Prix Racing (née Marussia) and 1Malaysia Racing Team (née Caterham). While both teams are still looking to secure their financial futures their appearance on the official entry list should make things more appealing for prospective buyers.

Meanwhile, Caterham’s immediate future has improved with the team’s administrator saying he expects they will be competing in Abu Dhabi.

“I think I’ve got enough confidence now to say I’d be very surprised if we were not racing in Abu Dhabi,” said Finbarr O’Connell, from administrators Smith & Williamson. “I’m now really hopeful for the future of the team.”

[Source: BBC]