News Details
Marussia demise costs Ferrari, McLaren
Ferrari and McLaren are set to lose close to a combined £25 million following Marussia's collapse, according to a report.
Marussia went into administration in October and the team ceased trading a few weeks later with more than 200 employees made redundant while some of the assets were auctioned off in December.
The Sunday Telegraph reports that documents from administrators FRP Advisory has revealed that Ferrari and McLaren suffered heavy losses as a result of their financial woes.
Ferrari, who were Marussia's engine suppliers, are set to lose £16.6m ($25.81 million) while McLaren are likely to have to write off £7.1m ($11.04 million) following their technical partnership...
Full Story »
Full Story »
10y ago from PlanetF1.com
0
You May Also Be Interested In...
Ferrari, McLaren take a hit from Marussia collapse
Ferrari and McLaren stand to lose millions as a result of the collapse of...
10y ago from ThisIsF1.com
Ferrari, McLaren lose millions from Marussia collapse
The collapse of Marussia isn't just a loss for Formula 1 and the team's...
10y ago from TheF1Times.com
Marussia fall-out hits F1 big guns
While it appears that F1's biggest teams remain unconcerned about the...
10y ago from Crash.net
McLaren-Honda back in-season engine development
McLaren-Honda's racing director Eric Boullier fears Mercedes will enjoy a...
10y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati reveals the “simple” change introduced to...
No description available...
3h ago from Motorsport.com
Marco Bezzecchi “can’t be completely happy”...
No description available...
2h ago from Motorsport.com
Pedro Acosta: Pecco Bagnaia “a super gentleman”...
No description available...
4h ago from Motorsport.com
Rubbing elbows at 200 mph: See the dramatic dogfight...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt Racing fined $25K, lose championship points...
No description available...
5d ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
5d ago from MotorsportWeek.c...
Detroit GP expected to remain downtown amid potential...
Following the conclusion of the Detroit Grand Prix, organizers have...
3d ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier stays aloof from WRC title fight...
No description available...
5h ago from Motorsport.com
Redemption for Ogier
One year on from losing victory on the final stage of Rally Italia...
5h ago from MotorsportWeek.c...
Sebastien Ogier takes record-breaking WRC Sardinia...
No description available...
8h ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United and Arsenal handed boost as striker...
Manchester United and Arsenal have received a boost in their pursuit of...
2h ago from SportsKeeda.com
Martin Zubimendi considering snubbing move to Arsenal...
Real Sociedad star Martin Zubimendi is considering rejecting Arsenal in...
6h ago from SportsKeeda.com
PSG president recalls Luis Enrique's bold prediction...
Paris Saint-Germain (PSG) boss Luis Enrique was confident of winning the...
7h ago from SportsKeeda.com
Xabi Alonso to inform Real Madrid veteran that he's no...
Real Madrid manager Xabi Alonso is all set to inform David Alaba that he...
6h ago from SportsKeeda.com
Comments
Hottest News
Horner rumour mill spins again – and it’s not Ferrari
In the wild, unpredictable world of Formula 1,... Read More »
2h ago from F1i.com
Zak Brown eyes world champion to lead McLaren Le Mans...
McLaren is returning to Le Mans in 2027 with a... Read More »
2h ago from RacingNews365.com
Daniel Ricciardo backed for F1 return as Lewis Hamilton...
Catch up on the biggest F1 news stories of the... Read More »
41m ago from RacingNews365.com
