Marussia will be making a return to the Formula One though will be now be known as ‘Manor Marussia’ after securing financial backing for the upcoming season.
In 2014, Marussia collapsed with debts of more than £60m, and they were forced to miss the last three races of the season after going into administration.
However, they have now secured a new investment from energy entrepreneur Stephen Fitzpatrick; allowing them to kick off their Formula One season at the Australian GP later this month.
“We’ve all worked incredibly hard to get the car ready for Melbourne and the season ahead.” said Fitzpatrick to AP.
“Our fans have given the team amazing support for many years and we want to restore Manor to the very best of racing,”
However, the team will have to begin the new season with their 2014 vehicle, as they prepare to build a new vehicle that will fully comply with the 2015 regulations.
“It has been a challenging period for all of us, but we’ve come through it and now we just want to go racing again,” said Manor CEO Graeme Lowdon.
Photo Credits: Crash.net
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