News Details
Marussia cease trading, lay off staff
The London-based administrator of Formula One team Marussia says it has ceased trading and the remaining staff have been made redundant following its move into bankruptcy protection in October. Joint administrator Geoff Rowley of FRP Advisory says in a statement on Friday, 'it is deeply regrettable that a business with such a great following in British and world motorsport has had to cease trading and close its doors.' FRP was unable to secure the investment needed to continue the company. It became administrator after Russian billionaire shareholder Andrei Cheglakov was unable to provide the funding needed to keep the team going. Marussia will not compete in the final two races in Sao...
Full Story »
Full Story »
11y ago from F1Pulse.com
0
You May Also Be Interested In...
Marussia ceases trading, staff made redundant
– Marussia's administrators, FRP Advisory, confirmed on Friday that...
11y ago from GPUpdate.net
Marussia ceases trading with all 200 staff made...
+ Marussia’s administrators have confirmed that the team has ceased...
11y ago from RichlandF1.com
Marussia ceases trading
The Marussia Formula 1 team have ceased trading with over 200 employees...
11y ago from PlanetF1.com
Marussia F1 team ceases trading
Getty Images Enlarge Marussia's administrators have confirmed the...
11y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta tops opening Brazilian MotoGP practice
Pedro Acosta continued his fine early-season form as he posted the best...
2h ago from MotorsportWeek.c...
Rain delays start of MotoGP Brazilian GP practice
No description available...
5h ago from Motorsport.com
Why prisoners are helping cleanup work at Goiania...
No description available...
5h ago from Motorsport.com
MotoGP riders wary of ‘super dirty’ Goiania track...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
2d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
2d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
6d ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
4d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Man City cooking up plan to lure La Liga...
Arsenal and Manchester City are interested in signing the Barcelona...
51m ago from CaughtOffside.com
'We'll do everything to win' | Redknapp sits down with...
Jamie Redknapp meets Eberechi Eze at Arsenal's training ground to talk...
21m ago from SkySports.com
“It’s a lot of pressure!” - Freddy Adu weighs in...
Freddy Adu has shared advice for Arsenal wonderkid Max Dowman amid Lionel...
2h ago from SportsKeeda.com
Mikel Arteta drops intriguing team selection hint for...
Arsenal manager Mikel Arteta has not confirmed one way or another if it...
4h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin F1 issue official statement moments after...
Aston Martin F1 team have released an official... Read More »
3h ago from GPFans.com
Audi address sudden Jonathan Wheatley departure with...
It is official: Jonathan Wheatley has left Audi... Read More »
4h ago from RacingNews365.com
Pascal Wehrlein outlines clear Formula E title fight...
Pascal Wehrlein has no issue discussing his title... Read More »
21m ago from RacingNews365.com
