Marussia’s comeback bid gathers steam as company exits administration

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Marussia F1 Team has taken a big step towards returning to the grid in 2015 after it was confirmed yesterday that the company has formally exited administration.

The Anglo-Russian team collapsed following last year’s Russian Grand Prix, missing the final three races of the 2014 season.

However, it still managed to retain ninth place in the constructors’ championship and the subsequent prize money, meaning that all hope of a return had not been lost.

Despite having a request to use its 2014 car rejected by the F1 Strategy Group in Paris earlier this month, Marussia – set to be renamed Manor F1 Team – is pushing ahead with plans to race in 2015.

Yesterday, it was confirmed that the company had exited administration as planned and could now focus on getting back on its feet for the new season.

“We are pleased that the financial restructuring of the Company has been progressed after creditor approval of the CVA,” joint administrator and FRP Advisory partner Geoff Rowley said in a statement.

“With new investment and a continuity of the respected management, the business has the ideal platform from which it can accelerate the operational rebuilding already underway to get a team back racing.

“It has been a long process and we would like to thank everyone involved to reach this milestone.

“We shall complete our statutory duties as administrators with the necessary filings needed in order to formally exit the Company from administration over the next few days.”

Manor can theoretically miss the first three races of the year with permission from the commercial rights holder, giving it until the Bahrain Grand Prix in the middle of April to get a car ready for racing in 2015.

A report by Auto Motor und Sport in Germany suggests that a car is being prepared for a crash test at the beginning of March ahead of a possible debut, although there is some uncertainty over whether or not the team is entitled to its prize money from 2014.

There is still a long road ahead of Manor if it is to race in 2015, but the right steps are being taken to give the operation some kind of future and boost the grid to ten teams once again.

Santino Ferrucci will drive No. 14 for AJ Foyt Racing full time in 2023 IndyCar season

Santino Ferrucci AJ Foyt
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Santino Ferrucci will return to full-time racing in the NTT IndyCar Series next season, joining AJ Foyt Racing.

Ferrucci had made eight IndyCar starts with three teams since his last full-time season in 2020 while also racing part time in the NASCAR Xfinity Series this year.

He will drive the storied No. 14 Dallara-Chevrolet for four-time Indy 500 winner A.J. Foyt’s team, which will field the car from its Waller, Texas headquarters.

“It’s incredibly exciting to be back in the INDYCAR Series full time,” Ferrucci said in a team release. “Being a part-time driver over the last two years has been hard for me, personally. I’m a race car driver, and I want to compete. Working with different teams has been exciting, and I’m proud that no matter which car I’ve raced, I’ve always shown speed and consistency. I couldn’t be more excited to join AJ Foyt Racing in the 14 Chevy. I can’t wait to make the best of it.”

Ferrucci, 24, had finished a career-best fourth in IndyCar four times, including the 104th Indy 500 in 2020. He was the 2019 Indy 500 rookie of the year with a sixth.

In nine Xfinity starts since 2021, Ferrucci has a career-best finish of 13th at Las Vegas Motor Speedway.

“I am thrilled to welcome Santino to the team,” Larry Foyt said in a release. “He’s shown a knack for getting toward the front of the field, and I think he is a racer who moves forward on race day. A.J. sees the fire in him and has enjoyed their meetings together. I think Santino’s experience will help his rookie teammate as well, so he is a great addition to our roster.”

Ferrucci will be teamed at AJ Foyt Racing with Benjamin Pedersen, who finished fifth in the 2022 Indy Lights standings. The team has yet to specify the number for Pedersen’s entry, which will be fielded out of its Indianapolis race shop.

Foyt’s two full-time drivers last season were Dalton Kellett and Kyle Kirkwood, who is moving to Andretti Autosport.