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
Jorge Martin confirms desire to leave Aprilia for...
No description available...
47m ago from Motorsport.com
Jorge Martin confirms intention to leave Aprilia at...
Reigning World Champion Jorge Martin has released a statement confirming...
27m ago from MotorsportWeek.c...
Honda MotoGP Luca Marini suffers major injury in...
Honda HRC Castrol MotoGP rider Luca Marini sustained major injuries...
16h ago from MotorsportWeek.c...
‘Major acceleration' in talks between Toprak...
Reports state that there has been a "major acceleration" in...
20h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
14h ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
2d ago from MotorsportWeek.c...
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
1d ago from Motorsport.com
Andretti Global, Prema Racing issued suspensions and...
No description available...
2d 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...
4d 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...
6d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Exclusive: Man United plan talks for coming days in...
Manchester United are not giving up on a potential transfer move for...
37m ago from CaughtOffside.com
Chelsea's record in 13 previous European finals after...
>strong>Sports Mole looks at Chelsea's record in previous European...
2h ago from SportsMole.co.uk
Exclusive Arsenal column: Julian Alvarez transfer...
Julian Alvarez looks like just what Arsenal need, but is it realistic?...
1h ago from CaughtOffside.com
Martin Zubimendi set for a medical as Leroy Sane gets...
Morning all. Transfer stuff has started buzzing with news from yesterday,...
3h ago from Arseblog.com
Comments
Hottest News
Alpine F1 exit rumours addressed in statement
A defiant statement has been issued by Renault... Read More »
2h ago from GPFans.com
FIA announce mandatory tyre rule at Spanish Grand Prix...
The FIA have confirmed a tyre change for this... Read More »
4h ago from GPFans.com
FIA not ruling out even harsher flexi-wing clampdown
May 29 Nikolas Tombazis is not ruling out... Read More »
57m ago from OneStopStrategy.com
