News Details
Marussia cease trading, lay off staff
The London-based administrator of Formula One team Marussia says it has ceased trading and the remaining staff have been made redundant following its move into bankruptcy protection in October. Joint administrator Geoff Rowley of FRP Advisory says in a statement on Friday, 'it is deeply regrettable that a business with such a great following in British and world motorsport has had to cease trading and close its doors.' FRP was unable to secure the investment needed to continue the company. It became administrator after Russian billionaire shareholder Andrei Cheglakov was unable to provide the funding needed to keep the team going. Marussia will not compete in the final two races in Sao...
Full Story »
Full Story »
11y ago from F1Pulse.com
0
You May Also Be Interested In...
Marussia ceases trading, staff made redundant
– Marussia's administrators, FRP Advisory, confirmed on Friday that...
11y ago from GPUpdate.net
Marussia ceases trading with all 200 staff made...
+ Marussia’s administrators have confirmed that the team has ceased...
11y ago from RichlandF1.com
Marussia ceases trading
The Marussia Formula 1 team have ceased trading with over 200 employees...
11y ago from PlanetF1.com
Marussia F1 team ceases trading
Getty Images Enlarge Marussia's administrators have confirmed the...
11y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
4h ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
7h ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
1d ago from Motorsport.com
Pushing aero to the limit: The evolution of winglets...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
7h ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
7h ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
19h ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
11h ago from Motorsport.com
Hyundai postpones Thierry Neuville's Monte Carlo test...
No description available...
8h ago from Motorsport.com
Toyota reveals new-look WEC Hypercar for 2026 amid...
No description available...
1d ago from Motorsport.com
Why defending champion Yazeed Al-Rajhi retired from...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'He's offered nothing' – Gary Neville slams...
Arsenal striker Viktor Gyokeres has been heavily criticised for a quiet...
21m ago from CaughtOffside.com
'Where is he?', 'Was hoping he would start' - Fans...
Arsenal fans on social media are questioning Mikel Arteta for benching a...
1h ago from SportsKeeda.com
'They deduct his salary if he doesn't start' - Fans...
Liverpool fans have reacted to Arne Slot’s decision to name Cody Gakpo...
1h ago from SportsKeeda.com
David Ornstein confirms Arsenal 'in touch' over...
Reliable journalist David Ornstein has got Arsenal fans excited by...
2h ago from CaughtOffside.com
Comments
Hottest News
The potential legal loophole stalling the alleged Christian...
Christian Horner might have to wait until... Read More »
2h ago from MotorsportWeek.com
Toto Wolff addresses Mercedes power unit superiority...
Toto Wolff has delivered a telling update on... Read More »
5h ago from MotorsportWeek.com
'Year of the Snake': Lewis Hamilton hints at Ferrari issues
Whatever way you dice it, Lewis Hamilton's first... Read More »
3h ago from GPFans.com
