News Details
Ferrari, McLaren take a hit from Marussia collapse
Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported.
It said documents from administrators FRP Advisory dated Dec 18 showed that Ferrari, Formula One's oldest and most successful team, were owed 16.6 million pounds (S$34.2 million) for engines supplied.
McLaren, who had a technical partnership with Marussia, were owed 7.1 million pounds.
The newspaper said Lloyds Development Capital (LDC), the private equity division of taxpayer-owned Lloyds Banking Group, was owed 13.2 million pounds, which was secured on all of Marussia's assets, unlike money owed to more than 200 other creditors. (Reuters)
Full Story »
Full Story »
11y ago from ThisIsF1.com
0
You May Also Be Interested In...
American F1 team Haas acquired Marussia factory
Haas, the new American F1 team for 2016, has reportedly acquired...
11y ago from ThisIsF1.com
Lotus ‘opened the door’ to Alonso – Lopez
Lotus really was one of Fernando Alonso's options for the 2015 season,...
11y ago from ThisIsF1.com
Ferrari ‘vetoed’ F1 boss role for Montezemolo
More publications are reporting that Ferrari ‘vetoed' F1's move to...
11y ago from ThisIsF1.com
Engineer says Ferrari shakeup ‘impressive’
To some, the ‘restructuring' at Maranello in recent days and weeks...
11y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
22h ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
1d ago from Motorsport.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
1d ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
1d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
1d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
2d ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 6: Nasser Al-Attiyah regains overall...
No description available...
20h ago from Motorsport.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
1d ago from Motorsport.com
Hyundai postpones Thierry Neuville's Monte Carlo test...
No description available...
1d ago from Motorsport.com
Why defending champion Yazeed Al-Rajhi retired from...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Liverpool early favourites to sign 'superb'...
Liverpool are understood to be showing the strongest interest in a...
49m ago from CaughtOffside.com
Ornstein says Man Utd & Chelsea want £100m star...
David Ornstein has provided the latest transfer information on Nottingham...
1h ago from CaughtOffside.com
Contact made: Chelsea enquire about signing PL...
Chelsea are reportedly one of the clubs to have made an enquiry about...
1h ago from CaughtOffside.com
Arsenal and Man City set to battle each other for...
Arsenal and Manchester City are reportedly set to battle for Newcastle...
1h ago from SportsKeeda.com
Comments
Hottest News
'What are you even advertising?' F1 Fans lay into Ferrari...
F1 teams are offering fans crumbs of content in... Read More »
59m ago from GPFans.com
Audi release first official images of 2026 F1 car shakedown
Audi completed a successful shakedown of its 2026... Read More »
2h ago from RacingNews365.com
Christian Horner could see F1 return blocked by Mercedes...
Former Red Bull F1 team principal Christian... Read More »
1h ago from GPFans.com
