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
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
22h ago from Motorsport.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
2d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin faces tough drive from last after...
No description available...
10h ago from Motorsport.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
12h ago from MotorsportWeek.c...
Threat of high winds forces IndyCar to move up...
No description available...
11h ago from Motorsport.com
"Mental error" costs Kyle Kirkwood shot at...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
23h ago from Motorsport.com
Carnage in Kenya
Saturday in Kenya saw one of the most dramatic days in recent Safari...
17h ago from MotorsportWeek.c...
“Probably the toughest rally ever”: Thierry...
No description available...
14h ago from Motorsport.com
Why Evans suffered his first WRC retirement since 2024
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
David Beckham's message to personal trainer after...
Arsenal legend Thierry Henry was left amused after Manchester United icon...
1h ago from SportsKeeda.com
Sources: Arsenal and Liverpool 'closely monitoring'...
Lewis Hall is regarded as one of Newcastle United’s most important...
2h ago from CaughtOffside.com
Arsenal 2-0 Everton: Max Dowman delivers something...
Match report – Player ratings – Arteta reaction – Video...
1h ago from Arseblog.com
English clubs have week to forget in Champions League...
six teams in the last 16, only two – Arsenal and Liverpool – look more...
12h ago from TheGuardian.com
Comments
Hottest News
McLaren disaster as Lando Norris and Oscar Piastri fail to...
The McLaren duo of Lando Norris and Oscar... Read More »
1h ago from MotorsportWeek.com
F1 2026 Chinese Grand Prix – Race Results
Andrea Kimi Antonelli has taken his maiden F1... Read More »
38m ago from MotorsportWeek.com
F1 Results Today: Lewis Hamilton secures best Ferrari...
Kimi Antonelli became just the second teenager to... Read More »
48m ago from GPFans.com
