News Details
Ferrari, McLaren lose millions from Marussia collapse
The collapse of Marussia isn't just a loss for Formula 1 and the team's various employees, but it will also have an impact on Ferrari and McLaren which are among 200 creditors owed money. Ferrari supplied Marussia with engines for the 2014 season and is owed £16.6 million, none of which is expected to be recovered according to documents from Marussia's administrators, FRP Advisory. McLaren, which has a technical partnership with the Banbury-based team, is the third largest creditor with an outstanding £7.1m. The second largest is UK taxpayer-owned Lloyds Development Capital, an investment arm of Lloyds Banking Group, which is owed more than £10m after it lent the team...
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
Ferrari, McLaren take a hit from Marussia collapse
Ferrari and McLaren stand to lose millions as a result of the collapse of...
11y ago from ThisIsF1.com
Haas acquires Marussia assets and Banbury base
Gene Haas has reportedly purchased Marussia's former base in Banbury after...
11y ago from TheF1Times.com
McLaren-Honda back in-season engine development
McLaren-Honda's racing director Eric Boullier fears Mercedes will enjoy a...
11y ago from TheF1Times.com
Vergne finds new home at Ferrari
Scuderia Ferrari has signed Jean-Eric Vergne to become part of the testing...
11y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
FBI seizes $40m collection, including MotoGP bikes,...
No description available...
23h ago from Motorsport.com
Brad Binder reveals why he is optimistic he can bounce...
Factory KTM rider Brad Binder has admitted that his 2025 MotoGP season...
21h ago from MotorsportWeek.c...
Jorge Martin never thought ‘Why is this happening to...
No description available...
1d ago from Motorsport.com
Enea Bastianini ‘can’t explain’ KTM tyre...
Enea Bastianini admitted he “can’t explain why” he struggled to...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
18h ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
1d ago from Motorsport.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
3d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
1w ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Chelsea plotting move for Ligue 1's new...
Arsenal and Chelsea are interested in signing the Marseille attacker...
3h ago from CaughtOffside.com
'No handshake' | Emery snubs Arteta after 4-1 defeat...
Sky Sports' Jamie Carragher praises Arsenal manager Mikel Arteta for the...
2h ago from SkySports.com
Emi Martinez involved in furious clash with Arsenal...
Aston Villa goalkeeper Emiliano Martinez was seen involved in a major...
3h ago from SportsKeeda.com
‘I'm very happy for him' – Arteta is...
Arsenal manager Mikel Arteta was full of praise for Gabriel Jesus after...
4h ago from CaughtOffside.com
Comments
Hottest News
Mercedes star delivers parting message ahead of F1 team...
A valued member of the Mercedes F1 team has taken... Read More »
43m ago from GPFans.com
F1: Pirelli's 2025 season in numbers
From the first free practice session in Melbourne... Read More »
1h ago from Pitpass.com
FIA confirms new 2026 rule: No lap counts after red flag
The FIA has drawn a firm line under one of the... Read More »
1h ago from F1i.com
