Team boss John Booth has been given two more years to deliver success to Virgin Racing.
The ultimatum for Booth, whose F3 organisation Manor was the basis of Virgin’s 2010 debut, comes after Russian supercar maker Marussia bought into the team.
“It’s not a plot to get rid of me,” he told the Yorkshire Post. “The team principal is like a football manager — he has to get results.
“There’s no managerial changes for two years at least, so we get a good crack at it,” he said from Abu Dhabi.
Booth said he actually warmly welcomes the news of the Russian investment and sponsorship, with the team to be called Marussia Virgin Racing in 2011 and beyond.
“We need financial support like this to help us go forward. Without funding we cannot compete,” he said.
“This is excellent news for the team and has given everyone a lift.”
© RIF | GMM