News Details
Lloyds Banking sells its stake in Marussia
Lloyds Development Capital (LDC) an investment arm of the Lloyds Banking Group, has sold its 25.3 per cent stake in the Marussia Formula 1 team. The outfit has made large losses since it joined the sport back in 2010. The latest accounts show a £46.3 million loss with a 5 per cent drop in revenue. The stake was sold to majority shareholder Marussia Motors according to a spokesperson, leaving management with just 7.3 per cent. "LDC has sold its minority shareholding in the Marussia F1 team to Marussia," the spokesperson confirmed. "While the details will remain undisclosed, the terms of the transaction will enable LDC to recoup the full value of its investment in the...
Full Story »
Full Story »
12y ago from TheF1Times.com
0
You May Also Be Interested In...
Lloyds sell Marussia stake
Lloyds Banking Group has sold its 25.3 per cent stake in the Marussia...
12y ago from PlanetF1.com
F1 – Lloyds TSB sell stake in Marussia F1 after...
Lloyds banking group has sold a 25.3% share in the Marussia F1 team after...
12y ago from F1.co.uk
Lloyds sells stake in Marussia
Lloyds Development Capital (LDC) has sold its 25.3% stake in Marussia...
12y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Aleix Espargaro tells Franco Morbidelli to...
No description available...
1h ago from Motorsport.com
Marco Bezzecchi explains Aprilia 'proposal' after...
No description available...
1h ago from Motorsport.com
Marco Bezzecchi prevails in Valencia MotoGP season...
Aprilia’s Marco Bezzecchi led every lap to control the race and take...
4h ago from MotorsportWeek.c...
MotoGP Valencia GP: Marco Bezzecchi heads Raul...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
3d ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
3d ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
4d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
1w ago from Motorsport.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
6d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
‘News from the last 24 hours’: Fabrizio Romano...
Arsenal fans can breathe a collective sigh of relief as transfer expert...
14m ago from CaughtOffside.com
Gabriel a doubt for north London derby after Brazil...
t;li>Defender forced off in second half of Senegal friendlyBrazil...
2h ago from TheGuardian.com
“He’s just got this knack of scoring unbelievable...
Former Premier League star Danny Murphy has said that he would pick...
3h ago from SportsKeeda.com
FFS … Gabriel injury blow + a real Cristhian
Morning. Bad news to start with today, and that's Gabriel picking up an...
9h ago from Arseblog.com
Comments
Hottest News
Max Verstappen reveals plea for Red Bull to ‘keep an...
Max Verstappen has revealed that he previously... Read More »
1h ago from MotorsportWeek.com
Charles Leclerc handed critical advice over 'fooled' concern
Ralf Schumacher has given Charles Leclerc some... Read More »
54m ago from RacingNews365.com
'Don't tell him': Red Bull boss admits 'painful' Max...
Red Bull F1 team principal Laurent Mekies has... Read More »
7h ago from GPFans.com
