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Marussia auction cancelled as rescue deal emerges
A Marussia auction scheduled to take place on Wednesday has been cancelled, amid a potential rescue deal emerging which could see the team make the first race of the season. The outfit entered administration in October which saw it miss the final three races of the 2014 season. Much of its equipment was sold off in December by administators FRP Advisory in an attempt to recover some of the teams £31 million debts. However, the equipment necessary to operate the team remains at their factory - which is now owned by Gene Haas - and was set to be auctioned off on Wednesday. That has now been postponed indefinitely whilst rescue talks are underway. "[We're] at a fairly advanced stage...
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10y ago from GrandPrixTimes.com
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