More details about the Lazarus-like Manor Marussia F1 Team have been revealed, with the team announcing that its new financial backer is Stephen Fitzpatrick, the director of the British-based Ovo Energy group.

The team will keep on Graeme Lowdon and John Booth as President & Sporting Director and Team Principal respectively, while it has also appointed former Sainsbury’s CEO Justin King as its interim chairman.

“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.”

“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,” King added.

“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,” Fitzpatrick said.

The team confirmed that it will run a modified version of its 2014 car, the MR03, which has been updated to comply with the current technical regulations, which it plans to run at next weekend’s Australian Grand Prix with British racer Will Stevens as one of its drivers. The team plans to introduce a full 2015-specification car later in the season.

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.