News Details
Marussia enters administration
Marussia is now being managed by administrators, mere days after Caterham's management accepted the same fate, UK insolvency experts FRP Advisory have taken over Manor Grand Prix Racing Limited, which in Formula 1 is known as Marussia.
In a statement, FRP Advisory said Marussia's 'existing shareholder' is 'unable' to continue funding the team.
The statement confirmed that it is financially 'not viable' for the team to race in Austin this weekend.
As for the last two grands prix of 2014, in Brazil and Abu Dhabi, whether Marussia returns depends 'on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity',...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Marussia administration statement in full
The statement issued by FRP Advisory LLP, the administrators of the...
10y ago from Pitpass.com
Marussia follow Caterham into administration
The Marussia Formula One team have followed rivals Caterham into...
10y ago from SuperSport.com
Marussia placed into administration
– The Marussia Formula 1 team has been placed into administration...
10y ago from GPUpdate.net
Marussia and Caterham set to miss Austin roundMarussia...
Max Chilton (GBR) Marussia F1 Team MR03.
Formula One World Championship,...
10y ago from Formula1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez admits he ‘needs to work on mistakes’...
Marc Marquez admits he and younger brother Alex Marquez "were the...
14h ago from MotorsportWeek.c...
The Aprilia and Jorge Martin saga: What’s next?
No description available...
14h ago from Motorsport.com
Jorge Martin confirms intention to leave Aprilia at...
Reigning World Champion Jorge Martin has released a statement confirming...
17h ago from MotorsportWeek.c...
Jorge Martin confirms desire to leave Aprilia for...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
1d ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
3d ago from MotorsportWeek.c...
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
2d ago from Motorsport.com
Andretti Global, Prema Racing issued suspensions and...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
5d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal dealt blow as rival PL club set to beat...
Arsenal target Joan Garcia is reportedly set to join Newcastle United. The...
3h ago from SportsKeeda.com
Arsenal centre-back 'on brink' of contract renewal as...
Arsenal are reportedly on the brink of tying one of their key defenders...
5h ago from SportsMole.co.uk
'On the verge…' – Fabrizio Romano shares...
Arsenal fans can finally start to enjoy this summer's transfer window...
6h ago from CaughtOffside.com
Arsenal hold concrete initial talks to sign Bundesliga...
Arsenal have reportedly commenced talks to land RB Leipzig striker...
8h ago from SportsKeeda.com
Comments
Hottest News
Hadjar expects his car to excel at Barcelona
Following an impressive showing last time out at... Read More »
1h ago from F1Technical.net
Sainz is unsure how Williams will perform at Barcelona
Despite Williams' impressive form in recent... Read More »
1h ago from F1Technical.net
Christian Horner confirms talks with rival F1 teams
Red Bull team principal Christian Horner has... Read More »
10h ago from GPFans.com
