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
Yamaha set to confirm new inline-four MotoGP engine at...
Yamaha admits it is likely to use its updated inline-four MotoGP engine...
12h ago from MotorsportWeek.c...
Joan Mir confirms new Honda engine sees improvement in...
Joan Mir confirmed that Honda's new engine has shown improvements in 'all...
14h ago from MotorsportWeek.c...
Pedro Acosta did have surgery for arm-pump syndrome...
No description available...
14h ago from Motorsport.com
Fabio Quartararo reflects on ‘special' Jerez...
Fabio Quartararo described his second-place finish at Jerez as...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Helio Castroneves joins Barrichello, Massa in the 2025...
No description available...
1d ago from Motorsport.com
2025 Indianapolis 500 Chevrolet ZR1 pace car unveiled
No description available...
1d ago from Motorsport.com
Corvette ZR1 pace car revealed for 109th Indy 500
Indianapolis Motor Speedway has revealed the pace car that will head the...
1d ago from MotorsportWeek.c...
Takuma Sato reveals 94G impact in 233mph Indy 500...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai was 'clearly unprepared' for WRC Canary...
No description available...
13h ago from Motorsport.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
2d ago from MotorsportWeek.c...
Even Sebastien Ogier was powerless to prevent Kalle...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal transfer boost as Premier League boss admits...
Arsenal will likely be on the lookout for reinforcements in the forward...
38m ago from SportsMole.co.uk
Alexander Isak to Arsenal assessed by Jermain Defoe,...
Arsenal face the prospect of another season without a major trophy, and...
18m ago from SportsMole.co.uk
'Perfect for Arsenal' – Gunners urged to sign...
Arsenal have been urged to seal the transfer of Crystal Palace attacking...
7h ago from CaughtOffside.com
'Special player' – Arsenal & Liverpool...
Arsenal and Liverpool have been criticised for missing out on the transfer...
7h ago from CaughtOffside.com
Comments
Hottest News
Racing Bulls showcases striking pink livery for F1 Miami GP
Racing Bulls has revealed the special livery... Read More »
58m ago from MotorsportWeek.com
Key Lewis Hamilton Ferrari issue identified
F1 commentator and pundit Alex Brundle has... Read More »
8h ago from MotorsportWeek.com
Ferrari unveils special livery for F1 Miami GP
Ferrari has unveiled a special livery for this... Read More »
2h ago from MotorsportWeek.com
