News Details
British bank sells Marussia team shares
22 April, 2013 Lloyds, the quasi-government owned British bank, has sold its stake in the Formula 1 team Marussia.
Formula 1 business journalist Christian Sylt said the bank's private equity division LDC decided to sell its 25.3pc stake due to huge losses and the team's lack of results.
'LDC has sold its minority shareholding in the Marussia Formula 1 team to (Russian supercar maker) Marussia,' a spokesman confirmed to the Telegraph.
The spokesman said the team will continue to have a loan from LDC.
Full Story »
Full Story »
12y ago from YallaF1.com
0
You May Also Be Interested In...
Marussia shares sold following hefty loss
Lloyds Banking Group has sold its shares in Marussia F1 Team, amounting...
12y ago from RichlandF1.com
Wolff to sell his 16% stake in Williams
Toto Wolff says he will sell his 16 per cent stake in the Williams F1...
12y ago from TheF1Times.com
Wolff to sell stake in Williams
Former Williams Executive Director Toto Wolff will sell his 16 percent...
12y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: ‘Not normal to win every weekend’...
Marc Marquez admits “it’s not normal to win every weekend” despite...
1h ago from MotorsportWeek.c...
Winners and losers from MotoGP’s Hungarian Grand Prix
No description available...
3h ago from Motorsport.com
“I’m back” – Jorge Martin on MotoGP Hungarian...
No description available...
22h ago from Motorsport.com
Pedro Acosta owns up to qualifying “mess”, admits...
No description available...
21h ago from Motorsport.com
Popular On IndyCarToday.com
Red Bull eyeing F1 drive for IndyCar champion Alex...
Red Bull is eyeing a move for IndyCar champion Alex Palou to join Max...
2h ago from MotorsportWeek.c...
Winners and losers of IndyCar Snap-On Milwaukee Mile...
No description available...
5h ago from Motorsport.com
Rasmussen’s aggressiveness praised by Ed Carpenter...
Christian Rasmussen won his first IndyCar race on Sunday, partly due to...
1h ago from MotorsportWeek.c...
IndyCar star Colton Herta yet to rule out F2 switch to...
IndyCar star Colton Herta has failed to rule out a potential move to F2...
6h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
4d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsecast Extra Episode 655 – 25.08.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
2h ago from Arseblog.com
Arsenal poised to beat Tottenham to another signing as...
Arsenal have had a very busy summer transfer window so far, and it is now...
2h ago from CaughtOffside.com
“Top-quality” star edging closer to Arsenal exit...
Arsenal defender Jakub Kiwior could be on his way out of North London this...
1h ago from CaughtOffside.com
Report: Arsenal in advanced talks to make surprise...
We brought you the news yesterday that Arsenal were not done in the...
3h ago from FreshArsenal.com
Comments
Hottest News
Andretti breaks silence on 2026 Cadillac F1 driver line-up
Cadillac board member and former F1 champion... Read More »
5h ago from MotorsportWeek.com
Tombazis: I wouldn’t be able to drive the 2026 Formula 1...
Amid fears that the 2026 Formula 1 cars will be... Read More »
1h ago from GrandPrix247.com
IndyCar star fails to pass crucial F1 test
Colton Herta has long been linked with a switch... Read More »
2h ago from RacingNews365.com
