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 »
10y 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...
10y ago from GPUpdate.net
Marussia ceases trading with all 200 staff made...
+ Marussia’s administrators have confirmed that the team has ceased...
10y ago from RichlandF1.com
Marussia ceases trading
The Marussia Formula 1 team have ceased trading with over 200 employees...
10y ago from PlanetF1.com
Marussia F1 team ceases trading
Getty Images Enlarge Marussia's administrators have confirmed the...
10y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Jack Miller secures new Pramac Yamaha contract for...
No description available...
2h ago from Motorsport.com
Jack Miller stays with Pramac Yamaha for 2026 MotoGP...
Pramac Yamaha has confirmed that Jack Miller will remain with the team...
1h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
19h ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
18h ago from Motorsport.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1d ago from MotorsportWeek.c...
IndyCar’s Toronto race shifted to new venue for 2026
IndyCar’s yearly visit north of the border to Canada will be held at a...
20h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
3d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
3d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal expected to make 'official move' for...
Luiz Benedetti, the young centre-back from Palmeiras, has caught the...
5h ago from CaughtOffside.com
Champions League squad named: Dowman in, no place for...
Morning. It's Thursday and we're right into the Interlull now. If you want...
5h ago from Arseblog.com
“It’s easy to criticise if you’re not on the...
Viktor Gyokeres has shared his thoughts on Freddie Ljungberg's criticism...
1d ago from SportsKeeda.com
Nottingham Forest secure late loan move for Zinchenko
Nottingham Forest have pulled off a late Deadline Day loan move for...
1d ago from SkySports.com
Comments
Hottest News
V8 comeback on the table: FIA calls manufacturers to crisis...
Formula 1’s power unit manufacturers are set... Read More »
52m ago from F1i.com
Max Verstappen Ferrari talks confirmed
It has been revealed that Max Verstappen’s team... Read More »
3h ago from GPFans.com
Massa prepares for key ‘crashgate' hearings
Sep.4 Felipe Massa has revealed new details... Read More »
1h ago from OneStopStrategy.com
