News Details
Marussia enters administration
Marussia is now being managed by administrators, mere days after Caterham's management accepted the same fate, UK insolvency experts FRP Advisory have taken over Manor Grand Prix Racing Limited, which in Formula 1 is known as Marussia.
In a statement, FRP Advisory said Marussia's 'existing shareholder' is 'unable' to continue funding the team.
The statement confirmed that it is financially 'not viable' for the team to race in Austin this weekend.
As for the last two grands prix of 2014, in Brazil and Abu Dhabi, whether Marussia returns depends 'on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity',...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Marussia administration statement in full
The statement issued by FRP Advisory LLP, the administrators of the...
11y ago from Pitpass.com
Marussia follow Caterham into administration
The Marussia Formula One team have followed rivals Caterham into...
11y ago from SuperSport.com
Marussia placed into administration
– The Marussia Formula 1 team has been placed into administration...
11y ago from GPUpdate.net
Marussia and Caterham set to miss Austin roundMarussia...
Max Chilton (GBR) Marussia F1 Team MR03.
Formula One World Championship,...
11y ago from Formula1.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
2d ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott McLaughlin: Arlington “instantly my most...
No description available...
10h ago from Motorsport.com
IndyCar drivers praise Fast Six qualifying format...
No description available...
11h ago from Motorsport.com
McLaughlin sets the early pace in IndyCar’s first...
The NTT IndyCar Series took to the track on a brand new street course...
11h ago from MotorsportWeek.c...
Pato O'Ward on the 'red flag' that has prevented an...
No description available...
15h ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Oliver Solberg hangs on to...
No description available...
17h ago from Motorsport.com
Solberg clings on to Safari Rally lead as Ogier hunts...
Oliver Solberg started Friday with a 33.3 second lead over Elfyn Evans...
16h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Why 'you would be faster with...
No description available...
14h ago from Motorsport.com
WRC Safari Rally Kenya: Solberg leads as Ogier hauls...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
Barcelona and Arsenal dealt blow as European rivals...
Barcelona and Arsenal are allegedly expected to be opposed by Ligue 1 side...
1h ago from SportsKeeda.com
Chelsea dealt blow as Pedro Neto learns punishment for...
Chelsea star Pedro Neto has been handed a one-game ban for his reaction to...
2h ago from SportsKeeda.com
Euro giants ready to move for in-form Arsenal star...
Arsenal defender Jakub Kiwior is reportedly attracting transfer interest...
1h ago from CaughtOffside.com
Rotation can make Arsenal less predictable for Everton...
Morning all. It's a big one today, they're all big ones at this stage to...
1h ago from Arseblog.com
Comments
Hottest News
F1: Antonelli makes F1 history
Kimi Antonelli becomes the youngest pole-sitter... Read More »
54m ago from Pitpass.com
Lewis Hamilton spills major Mercedes F1 secret at Chinese GP
Seven-time F1 champion Lewis Hamilton has been... Read More »
24m ago from GPFans.com
Aston Martin explain Adrian Newey absence at Chinese Grand...
Aston Martin F1 team have explained the reason... Read More »
2h ago from GPFans.com
