News Details
Lloyds sell Marussia stake
Lloyds Banking Group has sold its 25.3 per cent stake in the Marussia Formula One team.
The decision to sell comes after Formula One not only failed to perform on the track but also made huge financial losses.
According to the Daily Telegraph, the backmarker outfit, who has yet to get off the mark in F1, made a "net loss of £46.3m on revenue which dropped 5pc to £28.6m" in the year ending December 31 2011.
As such Lloyds Development Capital (LDC), the private equity division of the bank, sold their shares in the team.
A spokesman told the British newspaper: "LDC has sold its minority shareholding in the Marussia F1 team to Marussia.
"While the details will...
Full Story »
Full Story »
12y ago from PlanetF1.com
0
You May Also Be Interested In...
Lloyds sells stake in Marussia
Lloyds Development Capital (LDC) has sold its 25.3% stake in Marussia...
12y ago from espnF1.com
British bank sells Marussia team shares
22 April, 2013 Lloyds, the quasi-government owned British bank, has sold...
12y ago from YallaF1.com
Marussia shares sold following hefty loss
Lloyds Banking Group has sold its shares in Marussia F1 Team, amounting...
12y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Fernando Alonso: No normal person could achieve what...
No description available...
30m ago from Motorsport.com
MotoGP breaks attendance records in 2025; only two...
No description available...
1d ago from Motorsport.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
2d ago from MotorsportWeek.c...
22 MotoGP rounds are “too many for the body”,...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
1d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
3d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
'He is fighting the ball' - Paul Merson claims one...
Arsenal legend Paul Merson believes striker Viktor Gyökeres is trying too...
59m ago from SportsKeeda.com
Arsecast Extra Episode 673 – 28.12.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
1h ago from Arseblog.com
Arsenal 2-1 Brighton: Gunners go back on top after...
Match report – Player ratings – Arteta reaction – Video...
5h ago from Arseblog.com
'It feels like a basketball match kind of energy' -...
Former Arsenal striker Ian Wright noted the Gunners' struggles up front in...
8h ago from SportsKeeda.com
Comments
Hottest News
F1: FIA closing another loophole?
Amidst concern over manufacturers are taking... Read More »
1h ago from Pitpass.com
Suzuka to undergo changes prior to 2026 F1 Japanese GP
One of F1’s most iconic circuits, Suzuka, will... Read More »
40m ago from MotorsportWeek.com
McLaren auctions 2026 F1 car for huge sum prior to track...
McLaren’s car for the 2026 F1 season has been... Read More »
1h ago from MotorsportWeek.com
