News Details
Marussia cease trading, lay off staff
The London-based administrator of Formula One team Marussia says it has ceased trading and the remaining staff have been made redundant following its move into bankruptcy protection in October. Joint administrator Geoff Rowley of FRP Advisory says in a statement on Friday, '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.' FRP was unable to secure the investment needed to continue the company. It became administrator after Russian billionaire shareholder Andrei Cheglakov was unable to provide the funding needed to keep the team going. Marussia will not compete in the final two races in Sao...
Full Story »
Full Story »
10y ago from F1Pulse.com
0
You May Also Be Interested In...
Marussia ceases trading, staff made redundant
– Marussia's administrators, FRP Advisory, confirmed on Friday that...
10y ago from GPUpdate.net
Marussia ceases trading with all 200 staff made...
+ Marussia’s administrators have confirmed that the team has ceased...
10y ago from RichlandF1.com
Marussia ceases trading
The Marussia Formula 1 team have ceased trading with over 200 employees...
10y ago from PlanetF1.com
Marussia F1 team ceases trading
Getty Images Enlarge Marussia's administrators have confirmed the...
10y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Czech GP: Francesco Bagnaia questions his...
No description available...
11h ago from Motorsport.com
How Jorge Martin's first day back with Aprilia in...
No description available...
12h ago from Motorsport.com
Alex Marquez scrapes into Q2 at MotoGP Czech Grand...
No description available...
12h ago from Motorsport.com
Marc Marquez leads the way in second Brno MotoGP...
The complex interchangeable conditions sees Marc Marquez lead the field...
15h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kyle Kirkwood tops opening IndyCar practice on slick...
IndyCar travels north of the Canadian border this weekend to tackle the...
9h ago from MotorsportWeek.c...
Arrow McLaren's Nolan Siegel cleared to race in Toronto
No description available...
1d ago from Motorsport.com
Kyle Kirkwood says people should appreciate Alex...
No description available...
1d ago from Motorsport.com
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
9h ago from Motorsport.com
Sensational Solberg leads Rally Estonia!
It may be just a one-off outing in Toyota Gazoo Racing’s GR Yaris...
11h ago from MotorsportWeek.c...
Oliver Solberg continues dream Rally1 return to extend...
No description available...
12h ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Sources: Man United still in the race to sign...
Manchester United remain in the race for the potential transfer of...
21m ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Arsenal eyeing 80m...
Real Madrid have been quite active in the transfer market this summer, and...
1h ago from SportsKeeda.com
'The conversations are continuing' - Fabrizio Romano...
Arsenal and Sporting CP are reportedly battling over 7 million of the...
8h ago from SportsKeeda.com
'I'm somebody who goes with my gut feeling a lot' -...
New Arsenal signing Noni Madueke has explained that he's a player who...
11h ago from SportsKeeda.com
Comments
Hottest News
Oscar Piastri makes 'conflicted' Lando Norris F1 title...
Oscar Piastri is battling McLaren team-mate Lando... Read More »
1h ago from RacingNews365.com
Fred Vasseur reveals Charles Leclerc Ferrari instruction...
Ferrari boss Fred Vasseur has explained how he... Read More »
10m ago from RacingNews365.com
Lewis Hamilton domination triggers 'conflict' at Ferrari
Former F1 team boss Guenther Steiner has claimed... Read More »
11h ago from GPFans.com
