News Details
Marussia ceases trading
Administrators have announced that the Marussia team has ceased trading, with the loss of 200 jobs.Despite interest in the team from various potential investors, a 12:00 (GMT) deadline passed with no funds being transferred, thereby leaving administrators FRP Advisory with no option but to wind up the Banbury outfit.'While the team made significant progress during its relatively short period of operation, operating a F1 team requires significant ongoing investment,' said Geoff Rowley, joint administrator, and partner at FRP Advisory, in a statement'The group was put into administration last month following a shortfall in on-going funding and the administration process provided a moratorium...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Marussia ceases trading, staff made redundant
– Marussia's administrators, FRP Advisory, confirmed on Friday that...
11y ago from GPUpdate.net
Marussia ceases trading, administrators confirm
Administrators acting on behalf of Marussia have confirmed that the...
11y ago from F1Zone.net
Marussia ceases trading with all 200 staff made...
+ Marussia’s administrators have confirmed that the team has ceased...
11y ago from RichlandF1.com
Marussia ceases trading
The Marussia Formula 1 team have ceased trading with over 200 employees...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Honda completes another test with 2027 bike as Ducati...
No description available...
3h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
5h ago from Motorsport.com
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
1d ago from MotorsportWeek.c...
VR46 an option for Pedro Acosta, but priority is a...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
2h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
8h ago from Motorsport.com
Popular On GunnersToday.com
White Unlikely To Depart But Will Arsenal Strengthen...
With us now a few weeks into the New Year, the January transfer window has...
57m ago from FreshArsenal.com
Premier League news: Arteta plays down Rice’s tunnel...
No description available...
2h ago from TheGuardian.com
Here we go: Arsenal & Liverpool transfer target...
Manchester City reportedly look to be closing in on the £20m transfer of...
6h ago from CaughtOffside.com
Chelsea rival Arsenal & Man Utd for 30m wonderkid...
Chelsea are ready to rival the likes of Arsenal and Manchester United for...
8h ago from CaughtOffside.com
Comments
Hottest News
Sergio Perez 'emotional' as motorsport history made on...
The Mexican driver completed the first laps in... Read More »
47m ago from RacingNews365.com
F1: Cadillac hits the track
Cadillac was in action at Silverstone today, as... Read More »
27m ago from Pitpass.com
Cadillac unleashes its first F1 car during Silverstone...
Cadillac’s long road to Formula 1 just hit its... Read More »
57m ago from F1i.com
