News Details

Marussia out of US GP as team enters Administration

The Marussia F1 Team have become the second Formula 1 team to enter administration in a matter of a week as they confirm they will not be competing in this weekend’s United States Grand Prix at Austin. Manor Grand Prix Racing Limited, the trading company of the Marussia team, are now under the administrative jurisdiction of FRP Advisory LLP as a lack of funding to continue their fourth season of racing saw them enter administration. 'With the existing shareholder unable to provide the required level of funding, the senior management team has worked tirelessly to bring new investment to the team to secure its long term future,” said joint administrator Geoff Rowley in a statement. 'But...
Full Story »
Share

You May Also Be Interested In...

Marussia enter administration

Marussia have entered administration and will miss this weekend's United...
10y ago from SkySports.com

Administrators confirm Marussia will miss Austin

Marussia F1 Team Administrators acting on behalf of the Marussia Formula...
10y ago from F1Zone.net

Marussia placed into administration, confirms it will...

The Marussia F1 Team has entered administration and will not compete at...
10y ago from RichlandF1.com

Marussia into administration

The future of the Marussia team is hanging in the balance after Manor...
10y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Casey Stoner slams MotoGP's new stability control...

Two-time MotoGP champion Casey Stoner has voiced his disapproval of...
10h ago from MotorsportWeek.c...

Marc Marquez reveals ‘worry’ over Fermin Aldeguer...

Marc Marquez admits rookie Fermin Aldeguer was his biggest concern en...

Popular On IndyCarToday.com

MSR extends Marcus Armstrong contract for 2026 IndyCar...

Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...

Strongest season yet for Pato O’Ward has been...

Pato O’Ward is having the best IndyCar season of his career, and is...

McLaren to auction future F1, IndyCar and WEC cars in...

McLaren is to auction future F1, IndyCar and World Endurance Championship...

Popular On TotalWRC.com

Popular On GunnersToday.com

PFA Premier League Team of the Year: Liverpool and...

Liverpool and Arsenal players dominate today's PFA Premier League Team of...
3h ago from CaughtOffside.com

Contract agreed: Arsenal star to sign new deal with...

Arsenal forward Leandro Trossard has reportedly agreed a new contract with...
4h ago from CaughtOffside.com

Ex-Gunner warns: 'Arsenal fans shouldn't expect'...

Former Arsenal winger Jermaine Pennant has warned the club's fans not too...
6h ago from CaughtOffside.com

Definitive Arsenal transfer update breaks after...

Ademola Lookman is currently considered unlikely to sign for Arsenal in...
9h ago from CaughtOffside.com

Comments

Hottest News

Sky Sports find Martin Brundle replacement

The Sky Sports F1 broadcast would be incomplete... Read More »
5h ago from GPFans.com

F1 legend reveals timeline for surprise Red Bull comeback

Red Bull could be set for a comeback to the top... Read More »
3h ago from GPFans.com

Silverstone dwarfs F1 rivals

Silverstone has triumphed over rival F1 circuits... Read More »
2h ago from GPFans.com

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.