News Details

Struggling F1 teams still face uncertain future

Less than a month before official winter testing begins, the future of the ailing backmarkers Marussia and Caterham remains unclear. Marussia's administrators have auctioned team equipment, and the factory at Banbury could even be sold to the new American team for 2016, Haas. That is to pay back a long list of creditors, with Forbes journalist Christian Sylt saying even staff are still owed more than $72,000 in pay. But administrator Geoff Rowley insists there 'continues to be dialogue with a number of parties who are considering making an investment into the company'. To date, however, Rowley admitted that 'no satisfactory offer or strategy has been offered to presently allow racing to...
Full Story »
10y ago from ThisIsF1.com 0
Share

You May Also Be Interested In...

Fears third F1 team could collapse – reports

There are fears a third team could follow Caterham and Marussia out of F1...
10y ago from ThisIsF1.com

‘Worst year’ for F1 entrepreneur Tony Fernandes

Tony Fernandes' already bad 2014 turned black at the weekend. This year,...
10y ago from ThisIsF1.com

Vettel, Alonso right to leave F1 teams – Villeneuve

Former champions Sebastian Vettel and Fernando Alonso were right to leave...
10y ago from ThisIsF1.com

India’s Future F1 speedy Jehan Daruvala to make...

Young Indian driver Jehan Daruvala will embark on his single-seater...
10y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

Pedro Acosta sets the pace in second Valencia MotoGP...

Factory KTM rider Pedro Acosta laid down a marker as he set the pace to...
13h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500

Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...

RLL locks in Louis Foster with extended IndyCar...

Rahal Letterman Lanigan Racing has announced an extension to its contract...

AJ Foyt Racing expands veteran support program to full...

AJ Foyt Racing has announced that its successful Homes For Our Troops...

Popular On TotalWRC.com

Oliver Solberg lands factory Toyota Rally1 drive

We called it after Oliver Solberg clinched his WRC2 title in Chile....

Popular On GunnersToday.com

Arsenal initiate contact with £71m-rated Jorge Mendes...

Arsenal are now interested in signing the German attacker Karim Adeyemi....
9h ago from CaughtOffside.com

Arsenal player reveals 'difficult' face-to-face...

Arsenal defender Jakub Kiwior, currently on loan at Porto, has spoken out...
17h ago from CaughtOffside.com

Why Arsenal are now desperate to beat Man Utd &...

Arsenal are reportedly the latest big club to join the race for the...
17h ago from CaughtOffside.com

Chelsea to get opportunity to hold talks over...

Chelsea will soon get an ideal opportunity to hold talks with Barcelona...
17h ago from CaughtOffside.com

Comments

Hottest News

Wheatley: I want Verstappen at Audi but...

Audi F1 boss Jonathan Wheatley: “Yes, I want... Read More »
6h ago from GrandPrix247.com

'He doesn't like it': Antonelli reveals Russell...

Mercedes F1 star Kimi Antonelli has revealed a... Read More »
19h ago from GPFans.com

Charles Leclerc and adorable dog Leo bask in 697MILLION...

F1 star Charles Leclerc and his pet dog Leo have... Read More »
7h ago from GPFans.com

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.