The Manor F1 Team has agreed a deal which will see a new investor take a stake in the team to boost its future, current owner Stephen Fitzpatrick confirmed on Friday in Abu Dhabi.
Fitzpatrick rescued the team from bankruptcy last year and has been working on re-building the outfit, but admits performance is linked to funding and that is the reason he has got a new investor on board.
He wouldn't however be drawn on the specifics of the deal, which is still at an early stage.
"Well, I can’t talk too much about the specifics but we have been in discussions with several investors, well, for the last six months let’s say," he said.
"One of the things I was quite clear on, right from the start, was that I accepted that in the current F1, money equals performance, so anything that was going to bring more funding to the team and help the team develop and progress I was very open and if that meant bringing another investor, even a majority investor, that was something I was happy to do.
"We have agreed terms with an investor at the moment and we are still working through that and I can’t really talk more about the specifics."
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