JANUARY 19, 2015
Marussia in advanced rescue talks
Marussia and its administrators has confirmed an auction of team equipment has been postponed due to rescue talks with a potential investor.
Earlier on Monday, it emerged that the sale of 2014 cars, components and race-day equipment scheduled for Wednesday was called off by the team's administrators.
The BBC has quoted the administrator as confirming the auction was delayed "to allow for discussions to continue with a third party".
Boss John Booth, who founded the F3 outfit Manor in 1990, explained that the talks are at a "fairly advanced stage" with a "credible investor".
"Postponing the auction gives us a bit more time to explore it," he added.
Booth also explained that, like Caterham if it is similarly rescued, Manor would have to use its 2014 cars - currently packed in crates in Abu Dhabi - in Melbourne in a few weeks' time.