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

Pedro Acosta reveals how ‘disaster’ Saturday...

Pedro Acosta revealed “KTM is improving in every race” after taking...
23h ago from MotorsportWeek.c...

Marc Marquez: ‘Not normal to win every weekend’...

Marc Marquez admits “it’s not normal to win every weekend” despite...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

'Big statement' – Arsenal legend comments on...

Arsenal legend Nigel Winterburn has commented on the club's transfer...
25m ago from CaughtOffside.com

“I’ve been saying the last two years' - Pundit...

Former Premier League player turned pundit Danny Simpson believes...
5h ago from SportsKeeda.com

Kiwior linked with Porto, Berta's loan + obligation...

Morning. I know there's probably a cut-off point when it comes to Eberechi...
6h ago from Arseblog.com

Concrete negotiations: Arsenal involved in talks to...

According to journalist Florian Plettenberg, Arsenal have stepped up their...
7h ago from CaughtOffside.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.