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
Ducati still favourite after MotoGP Sepang test, but...
No description available...
12h ago from Motorsport.com
What happened at MotoGP’s official season launch in...
No description available...
1d ago from Motorsport.com
Yamaha: ’2026 MotoGP bike not performing badly but...
No description available...
1d ago from Motorsport.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
McLaren eyes Fernando Alonso reunion to complete...
Zak Brown has said he will "continue to bug" Fernando Alonso to...
1d ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
4d ago from MotorsportWeek.c...
Zak Brown “would love” Indy 500 reunion with...
No description available...
3d ago from Motorsport.com
Arrow McLaren officially opens doors to new home in...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
3d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
5d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: City win at Anfield a hammer blow for...
No description available...
5h ago from SkySports.com
Player ratings: Arsenal 3-0 Sunderland
Arsenal made it back-to-back wins with a convincing 3-0 win at home to...
6h ago from FreshArsenal.com
Arsenal 3-0 Sunderland: Gyokeres makes a big impact...
Match report – Player ratings – Arteta reaction – Video...
15h ago from Arseblog.com
Arsenal, Man United and Spurs battle for 55m-rated...
AC Milan are looking to restructure their squad at the end of the season,...
13h ago from CaughtOffside.com
Comments
Hottest News
Montoya makes shock claim on true speed of Mercedes 2026 car
Formula 1 is entering a new era, and if former... Read More »
7h ago from F1i.com
The Lewis Hamilton 'wildcard'! Ferrari have genius upgrade...
Ferrari may have an upgrade for their 2026 car up... Read More »
4h ago from GPFans.com
'Aston Martin is coming to Gran Turismo!' F1 fans go wild...
F1 fans are beside themselves with excitement... Read More »
2h ago from GPFans.com
