News Details
Marussia ceases trading
Administrators have announced that the Marussia team has ceased trading, with the loss of 200 jobs.Despite interest in the team from various potential investors, a 12:00 (GMT) deadline passed with no funds being transferred, thereby leaving administrators FRP Advisory with no option but to wind up the Banbury outfit.'While the team made significant progress during its relatively short period of operation, operating a F1 team requires significant ongoing investment,' said Geoff Rowley, joint administrator, and partner at FRP Advisory, in a statement'The group was put into administration last month following a shortfall in on-going funding and the administration process provided a moratorium...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Marussia ceases trading, staff made redundant
– Marussia's administrators, FRP Advisory, confirmed on Friday that...
11y ago from GPUpdate.net
Marussia ceases trading, administrators confirm
Administrators acting on behalf of Marussia have confirmed that the...
11y ago from F1Zone.net
Marussia ceases trading with all 200 staff made...
+ Marussia’s administrators have confirmed that the team has ceased...
11y ago from RichlandF1.com
Marussia ceases trading
The Marussia Formula 1 team have ceased trading with over 200 employees...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Di Giannantonio refuses to let Marc Marquez...
No description available...
6h ago from Motorsport.com
Jorge Martín knew wheelie crash was coming after US...
No description available...
7h ago from Motorsport.com
Marc Marquez penalised for Fabio di Giannantonio clash...
No description available...
7h ago from Motorsport.com
MotoGP United States GP: Jorge Martin ends victory...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power crashes in Barber qualifying but believes...
No description available...
8h ago from Motorsport.com
Will Power’s brake pedal went ‘to the floor’ in...
Will Power suffered a heavy crash in IndyCar qualifying, ending his...
7h ago from MotorsportWeek.c...
Alex Palou earns IndyCar pole at Barber
Saturday afternoon at Barber Motorsports Park was devoted to IndyCar...
9h ago from MotorsportWeek.c...
Alex Palou beats Malukas to Barber pole after tight...
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
2d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Four players on offer as Man City prepare swap deal...
Manchester City are reportedly ready to offer players to Newcastle United...
38m ago from CaughtOffside.com
'Max Dowman needs to leave Arsenal as soon as...
talkSPORT pundit Adrian Durham has urged Arsenal youngster Max Dowman to...
14h ago from SportsKeeda.com
Arsenal prepare 35m offer for La Liga 'match-winner'...
Arsenal and Tottenham Hotspur are interested in signing the Moroccan...
20h ago from CaughtOffside.com
Liverpool prepare £70m offer as Arsenal & Man...
Liverpool, Arsenal and Manchester United are interested in signing Murillo...
19h ago from CaughtOffside.com
Comments
Hottest News
F1 Japanese Grand Prix delayed after huge crash
The start of the F1 Japanese Grand Prix has been... Read More »
1h ago from GPFans.com
Lewis Hamilton arrives at Japanese Grand Prix side by side...
Lewis Hamilton arrived to the F1 Japanese Grand... Read More »
58m ago from GPFans.com
F1 announce delay to Japanese GP race start
The Japanese Grand Prix will not start on time at... Read More »
1h ago from RacingNews365.com
