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<b>GLIMMER OF HOPE:</b> Marussia, reborn under the name Manor GP, hopes to race in 2015 provided the team can prepare its new car and resolve its financing. <i>Image: AFP / Alexander Nemenov </i>
LONDON, England - Marussia moved a step closer to returning to the Formula 1 grid on Thursday (Feb 19 2015) after creditors approved a move allowing it out of administration.
Administrators FRP Advisory said a "company voluntary arrangement" agreed to allow control of Manor Grand Prix Racing, which traded as Marussia F1, to be passed back to its directors.
It said: "The financial restructuring creates a platform for the company to continue with its plans to participate once again within Formula 1."
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