News Details

Marussia still owes Timo Glock $1m

The collapsing F1 backmarker Marussia still owes a whopping $1 million to its former driver Timo Glock. The debt was discovered by the F1 business and Formula Money journalist Christian Sylt in the team's administration documents. It shows that German driver Glock, who raced for Marussia and its former guise Virgin between 2010 and 2012, is one of the dozens of parties owed the most by the team. Only Ferrari, McLaren, Pirelli and the hospitality company Freeman's - owed a combined total of $37 million - are owed more. All together, Marussia owes almost $50 million to creditors, but administrator Geoff Rowley told the Telegraph that they "will suffer a significant shortfall" even...
Full Story »
10y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Marussia still owes Timo Glock $1m – source

The collapsing F1 backmarker Marussia still owes a whopping $1 million to...
10y ago from ThisIsF1.com

Marussia demise costs Ferrari, McLaren

Ferrari and McLaren are set to lose close to a combined £25 million...
10y ago from PlanetF1.com

Ferrari, McLaren lose millions from Marussia collapse

The collapse of Marussia isn't just a loss for Formula 1 and the team's...
10y ago from TheF1Times.com

Marussia fall-out hits F1 big guns

While it appears that F1's biggest teams remain unconcerned about the...
10y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Lochie Hughes secures IndyCar reserve role with...

Andretti Global has announced a continued partnership with Lochie Hughes...

IMSA’s AO Racing considering expansion, possibly...

AO Racing, one of the more popular teams racing in IMSA currently, is...

Five IndyCar teams jump start offseason testing at...

Five different IndyCar teams completed a test at Mid-Ohio Sports Car...

Popular On TotalWRC.com

Kalle Rovanpera quits rallying

Toyota Gazoo Racing World Rally Team driver Kalle Rovanperä has...

Popular On GunnersToday.com

“We’ve seen him doing this many times' - Roy Keane...

Roy Keane lauded Arsenal star Bukayo Saka's performance for England...
49m ago from SportsKeeda.com

'That's pretty darn special!' | Zubimendi's stunning...

Martin Zubimendi incredible volley for Arsenal against Nottingham Forest...
2h ago from SkySports.com

Arsenal ready to let player they signed for...

Arsenal are open to listen to offers for striker Gabriel Jesus in the...
6h ago from SportsKeeda.com

Interlull round-up: Saka scores a cracka

Morning. Happy Friday everyone. This is gonna be a very quick blog before...
11h ago from Arseblog.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.