{"id":115215,"date":"2015-01-20T23:00:26","date_gmt":"2015-01-20T22:00:26","guid":{"rendered":"http:\/\/www.gtspirit.com\/?p=115215"},"modified":"2015-01-20T20:39:54","modified_gmt":"2015-01-20T19:39:54","slug":"new-investor-emerges-to-save-marussia-and-stops-auction","status":"publish","type":"post","link":"https:\/\/gtspirit.com\/2015\/01\/20\/new-investor-emerges-to-save-marussia-and-stops-auction\/","title":{"rendered":"New Investor Emerges to Save Marussia and Stops Auction"},"content":{"rendered":"

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Marussia could finally wake from its state of redundancy after a new stable investor emerged leading to fresh negotiations. This has led to the postponement of their scheduled auction that was meant to sell off their cars and equipment in order to pay back their creditors. The new move could see the Banbury-based team jump back into the new season should the negotiations be deemed successful. <\/p>\n

Team Principal John Booth toldtold the BBC that they hope to join the new season when it kicks off on March 15. The FIA has allowed weaker teams to compete with 2014 engines exempting them from getting new cars. Nevertheless, Marussia will still need to acquire engines from Ferrari. They owe Ferrari $25.15 million from last year\u2019s deal and unfortunately, the Italian team was not among the secured creditors with assurity of getting paid back. <\/p>\r\n