The Manor Marussia F1 Team has confirmed that its financial backer is Stephen Fitzpatrick, the boss of the Ovo energy company. Manor’s President & Sporting Director will be Graeme Lowdon, with former Sainsbury’s CEO Justin King as the team’s interim chairman. The team says it has modified cars that will comply fully with the 2015 regulations but will introduce a new 2015 specification car later in the year.
“I want to thank all of the teams, the FIA, Formula One Management, our suppliers and staff and of course all of the fans for the support we’ve received over the past six months,” says Lowdon. “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. With formidable new business leadership in Stephen Fitzpatrick and the board presence of Justin King we are now in a great place ahead of the new season. This is a fantastic and very rewarding moment for all those involved with the team.”
King said: “It’s a real pleasure for me to be involved in Manor. I know from the years I spent at Sainsbury’s that with the right people, the right values, and sheer hard work, you can turn any business around. In Graeme and Team Principal John Booth we have all three and I’m fully confident that we can help Manor be competitive at the highest level of racing.”
Stephen Fitzpatrick said: “We’ve all worked incredibly hard to get the car ready for Melbourne and the season ahead. Our fans have given the team amazing support for many years and we want to restore Manor to the very best of racing in the future. I have a lifelong passion for Formula One and can’t wait for the season ahead, with Manor and the team.”