News Details

Last hours approach for ailing Marussia

January 18, 2015 .- The eleventh hour is fast approaching for Marussia. Now called Manor, the name of the operating company, the backmarker team is in administration and fast shedding its assets to pay millions in creditors' bills. The Banbury factory, for one, is believed to have been sold to 2016 entrant Gene Haas, and key staff have defected to rival teams. It is believed Haas was also among the buyers of team equipment sold recently at auction, indicating that Marussia is clearly in its death throes. But team president Graeme Lowdon was quoted on Sunday by Britain's Sky: "There have been some auctions already but none of the equipment that has been sold so far is essential for the...
Full Story »
11y ago from GPRacingPlus.com 0
Share

You May Also Be Interested In...

End of the road is very near for Marussia

The eleventh hour is fast approaching for Marussia now called Manor, the...
11y ago from GrandPrix247.com

Marussia’s faith to be sealed in 48 hours

The eleventh hour is fast approaching for Marussia. Now called Manor, the...
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 GrandPrixTimes.com

Marussia still eligible for prize money - Ecclestone

Marussia would still be entitled to collect the prize money it earned from...
11y ago from GrandPrixTimes.com

Elsewhere On The Network

Popular On MGPToday.com

Pedro Acosta praises KTM’s ‘really nice job’...

Pedro Acosta has praised KTM’s off-season development for helping him...

Popular On IndyCarToday.com

Watch: Mick Schumacher taken out on opening lap of...

Fans of Mick Schumacher could switch off early after his IndyCar debut at...

Popular On TotalWRC.com

Popular On GunnersToday.com

Paul Merson predicts Brighton vs Arsenal, Aston Villa...

Every week it just gets better for Arsenal in the Premier League! There...
58m ago from SportsKeeda.com

'We can't have the championship decided on corner...

Manchester United legend Peter Schmeichel has called for Premier League...
28m ago from SportsKeeda.com

Arsenal players can feel fans’ anxiety and must...

t;li>Defender says crowd’s tension noticeable against Chelsea‘It is...
2h ago from TheGuardian.com

Is this really the beautiful game? Well yes, and no...

every win is going to be painful from here, you may as well just take the...
2h ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.