News Details
Marussia ceases trading, employees laid off
The Marussia F1 Team has closed its doors for good it seems after administrators in charge of finding a buyer announced on Friday that it had laid off the company's staff. The team entered bankruptcy in October and missed the United States Grand Prix as a result. It was hoped they be back on the grid in Abu Dhabi, but with no viable buyer coming forward, the company has been shut down. FRP Advisory administrator Geoff Rowley said: "It goes without saying that it is deeply regrettable that a business with such a great following in British and world motorsport has had to cease trading and close its doors." Finding a buyer looked hopeful with the FIA including Marussia, under parent...
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10y ago from TheF1Times.com
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