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
Maverick Vinales undergoes shoulder surgery to remove...
No description available...
6h ago from Motorsport.com
Which MotoGP riders will be allowed to test the 2027...
No description available...
11h ago from Motorsport.com
Why Toprak Razgatlioglu isn’t satisfied with his...
No description available...
13h ago from Motorsport.com
Francesco Bagnaia just trying to "survive"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
6h ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
3d ago from Motorsport.com
Christian Lundgaard left frustrated by costly pit stop...
Christian Lundgaard finished second in Sunday’s IndyCar race from...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
9h ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
3d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
6d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
50 million move for Brazilian on the cards as Arsenal...
Atalanta midfielder Ederson Dos Santos has been linked with a move to the...
1h ago from CaughtOffside.com
'There is contact between me & Arsenal' –...
The agent of Bayer Leverkusen sensation Christian Kofane has confirmed...
1h ago from CaughtOffside.com
Wayne Rooney sheds light on issues with Bukayo Saka as...
Manchester United legend Wayne Rooney believes Arsenal star Bukayo Saka...
7h ago from SportsKeeda.com
Arsenal eye move for 40m-rated French attacker ahead...
Arsenal are interested in signing the French attacker Jean-Matteo Bahoya...
6h ago from CaughtOffside.com
Comments
Hottest News
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
16h ago from GrandPrix247.com
Haas F1 star announced for new drive
A star of the Haas F1 team has been handed a new... Read More »
2h ago from GPFans.com
Haas driver lands new race seat as Max Verstappen...
Catch up on the biggest news stories of the day... Read More »
2h ago from RacingNews365.com
