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Marussia goes into administration, ruled out of USGP
It has been confirmed that Marussia will not be present at the United States Grand Prix this weekend, with administrators having been appointed to oversee the team. Bernie Ecclestone confirmed last week that he believed neither Caterham or Marussia would travel to Austin for the race. Whilst Caterham confirmed that to be true, Marussia had remained silent until Monday when administrators, FRP Advisory LLP, confirmed the team lacks the funds to continue racing. "With the existing shareholder unable to provide the required level of funding, the senior management team has worked tirelessly to bring new investment to the team to secure its long term future," said Geoff Rowley, joint...
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10y ago from TheF1Times.com
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