The statement issued by FRP Advisory LLP, the administrators of the Marussia F1 team, this morning (Monday), reads as follows:Whilst the team has made significant progress during its relatively short period of operation, the highlight of which included securing two Constructors’ Championship points in the current F1 season, the position remains that operating a F1 team requires significant ongoing investment,' said Rowley.'With the existing shareholder unable to provide the required level of funding, the senior management team has worked tirelessly to bring new investment to the team to secure its long term future, but regrettably has been unable to do so within the time available....
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