Manor heads to Oz with R920m budget

LONDON, England - Manor Marussia, a Formula 1 tail-ender which almost collapsed financially, will return with a R920-million budget in 2015.

The team, at a launch event in London, confirmed it had won its race to make it to Melbourne thanks to the personal investment of Stephen Fitzpatrick who heads a British electricity company called Ovo Energy.

British newspapers say he is investing the equivalent of about R450-million and the rest is said to be coming from 2014 prize-money that is expected to arrive later in March 2015.