News Details
Ferrari, McLaren take a hit from Marussia collapse
Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported.
It said documents from administrators FRP Advisory dated Dec 18 showed that Ferrari, Formula One's oldest and most successful team, were owed 16.6 million pounds (S$34.2 million) for engines supplied.
McLaren, who had a technical partnership with Marussia, were owed 7.1 million pounds.
The newspaper said Lloyds Development Capital (LDC), the private equity division of taxpayer-owned Lloyds Banking Group, was owed 13.2 million pounds, which was secured on all of Marussia's assets, unlike money owed to more than 200 other creditors. (Reuters)
Full Story »
Full Story »
10y ago from ThisIsF1.com
0
You May Also Be Interested In...
American F1 team Haas acquired Marussia factory
Haas, the new American F1 team for 2016, has reportedly acquired...
10y ago from ThisIsF1.com
Lotus ‘opened the door’ to Alonso – Lopez
Lotus really was one of Fernando Alonso's options for the 2015 season,...
10y ago from ThisIsF1.com
Ferrari ‘vetoed’ F1 boss role for Montezemolo
More publications are reporting that Ferrari ‘vetoed' F1's move to...
10y ago from ThisIsF1.com
Engineer says Ferrari shakeup ‘impressive’
To some, the ‘restructuring' at Maranello in recent days and weeks...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Luca Marini has “really high expectations” from...
No description available...
6h ago from Motorsport.com
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...
4h ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
4h ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
5h ago from Motorsport.com
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...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
3d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
2d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
“It’s easy to criticise if you’re not on the...
Viktor Gyokeres has shared his thoughts on Freddie Ljungberg's criticism...
10h ago from SportsKeeda.com
“It just didn’t make any sense” - Craig Burley...
Former Chelsea midfielder Craig Burley has criticised Arsenal for not...
10h ago from SportsKeeda.com
Nottingham Forest secure late loan move for Zinchenko
Nottingham Forest have pulled off a late Deadline Day loan move for...
11h ago from SkySports.com
Comments
Hottest News
Ferrari pay homage to Lewis Hamilton ally with NEW livery
Ferrari have unveiled an F1 livery change for... Read More »
58m ago from GPFans.com
Daniel Ricciardo supercar set to fetch eye-watering...
Daniel Ricciardo is parting ways with his iconic... Read More »
2h ago from RacingNews365.com
Toto Wolff issues verdict on mid-season exit for Mercedes...
F1 team principal Toto Wolff has issued a verdict... Read More »
3h ago from GPFans.com
