Manor plans to exit administration before 2015 F1 season

There were signs of life on Wednesday from the team formerly known as Marussia.

Despite beating both Caterham and Sauber to ninth place in the championship, the backmarker missed the last races of the season and was placed in administration.

Now called Manor, which is the operating company founded by John Booth, the team has also been absent from testing this week as the 2015 pre-season began at Jerez.

But a planned auction of equipment was recently cancelled, and on Wednesday, the team's administrators issued a statement that indicated Manor could be set to get back up and running.

"We can confirm that negotiations continue towards a longer term viable solution for the business and participation of a team in the 2015 season," said joint administrator Geoff Rowley.

He revealed that plans to see Manor "exiting from administration" on 19 February is envisaged "prior to the commencement of the first race of the 2015 season".

"Given the confidential nature of the negotiations underway we are unable to provide further details," said Rowley.

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