News Details
Marussia ‘cease trading’ as buyer not forthcoming
Administrators have confirmed that the Marussia F1 Team have ceased trading and will not be competing at Abu Dhabi after a buyer was not forthcoming.
The team had a deadline of today to get a buyer and had been frantically seeking investment, but with no one suitable coming forward in time, the team have been forced to close their doors and make their 200 staff redundant.
Geoff Rowley, the joint administrator of FRP Advisory LLP dealing with the Marussia situation, said it was regrettable that the team had to close their doors after making progress this season.
'It goes without saying that it is deeply regrettable that a business with such a great following in British and world motorsport...
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10y ago from TheCheckeredFlag.co.uk
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