News Details
Ferrari, McLaren lose millions from Marussia collapse
The collapse of Marussia isn't just a loss for Formula 1 and the team's various employees, but it will also have an impact on Ferrari and McLaren which are among 200 creditors owed money. Ferrari supplied Marussia with engines for the 2014 season and is owed £16.6 million, none of which is expected to be recovered according to documents from Marussia's administrators, FRP Advisory. McLaren, which has a technical partnership with the Banbury-based team, is the third largest creditor with an outstanding £7.1m. The second largest is UK taxpayer-owned Lloyds Development Capital, an investment arm of Lloyds Banking Group, which is owed more than £10m after it lent the team...
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
Ferrari, McLaren take a hit from Marussia collapse
Ferrari and McLaren stand to lose millions as a result of the collapse of...
11y ago from ThisIsF1.com
Haas acquires Marussia assets and Banbury base
Gene Haas has reportedly purchased Marussia's former base in Banbury after...
11y ago from TheF1Times.com
McLaren-Honda back in-season engine development
McLaren-Honda's racing director Eric Boullier fears Mercedes will enjoy a...
11y ago from TheF1Times.com
Vergne finds new home at Ferrari
Scuderia Ferrari has signed Jean-Eric Vergne to become part of the testing...
11y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP United States GP: Jorge Martin ends victory...
No description available...
1h ago from Motorsport.com
Jorge Martin wins stunning final lap shootout in US...
Jorge Martin produced a stunning final lap to snatch US MotoGP Sprint...
2h ago from MotorsportWeek.c...
Marc Marquez penalised for Fabio di Giannantonio clash...
No description available...
29m ago from Motorsport.com
Jorge Martín knew wheelie crash was coming after US...
No description available...
29m ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou earns IndyCar pole at Barber
Saturday afternoon at Barber Motorsports Park was devoted to IndyCar...
2h ago from MotorsportWeek.c...
Will Power crashes in Barber qualifying but believes...
No description available...
1h ago from Motorsport.com
IndyCar Barber – Qualifying Results
IndyCar held a traditional knockout qualifying session Saturday...
2h ago from MotorsportWeek.c...
Alex Palou beats Malukas to Barber pole after tight...
No description available...
2h ago from Motorsport.com
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
2d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Max Dowman needs to leave Arsenal as soon as...
talkSPORT pundit Adrian Durham has urged Arsenal youngster Max Dowman to...
7h ago from SportsKeeda.com
Arsenal prepare 35m offer for La Liga 'match-winner'...
Arsenal and Tottenham Hotspur are interested in signing the Moroccan...
13h ago from CaughtOffside.com
Liverpool prepare £70m offer as Arsenal & Man...
Liverpool, Arsenal and Manchester United are interested in signing Murillo...
12h ago from CaughtOffside.com
'Barça wouldn't be where they are if it weren't for...
Arsenal star David Raya has heaped special praise on Barcelona ace Joan...
14h ago from SportsKeeda.com
Comments
Hottest News
F1 fans furious after seeing footage of Verstappen and...
The new F1 regulations for 2026 have sparked... Read More »
7h ago from GPFans.com
Fernando Alonso: The great challenges of Suzuka are gone,...
Fernando Alonso delivered a brutal verdict on... Read More »
5h ago from GrandPrix247.com
Lewis Hamilton goes from Karate Kid to Samurai Warrior with...
Lewis Hamilton has shared some pictures and video... Read More »
39m ago from GPFans.com
