News Details
Ferrari, McLaren take a hit from Marussia collapse
Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported.
It said documents from administrators FRP Advisory dated Dec 18 showed that Ferrari, Formula One's oldest and most successful team, were owed 16.6 million pounds (S$34.2 million) for engines supplied.
McLaren, who had a technical partnership with Marussia, were owed 7.1 million pounds.
The newspaper said Lloyds Development Capital (LDC), the private equity division of taxpayer-owned Lloyds Banking Group, was owed 13.2 million pounds, which was secured on all of Marussia's assets, unlike money owed to more than 200 other creditors. (Reuters)
Full Story »
Full Story »
11y ago from ThisIsF1.com
0
You May Also Be Interested In...
American F1 team Haas acquired Marussia factory
Haas, the new American F1 team for 2016, has reportedly acquired...
11y ago from ThisIsF1.com
Lotus ‘opened the door’ to Alonso – Lopez
Lotus really was one of Fernando Alonso's options for the 2015 season,...
11y ago from ThisIsF1.com
Ferrari ‘vetoed’ F1 boss role for Montezemolo
More publications are reporting that Ferrari ‘vetoed' F1's move to...
11y ago from ThisIsF1.com
Engineer says Ferrari shakeup ‘impressive’
To some, the ‘restructuring' at Maranello in recent days and weeks...
11y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez prefers decade-old MotoGP bikes, labels...
Marc Marquez has explained why he believes MotoGP bikes from the...
1d ago from MotorsportWeek.c...
Who has been MotoGP’s highest points scorer in the...
No description available...
1d ago from Motorsport.com
Honda chooses Luca Marini's crew chief for Fabio...
No description available...
2d ago from Motorsport.com
Moto3 title leader Maximo Quiles secures Aspar Moto2...
Incumbent Moto3 championship leader Maximo Quiles will be promoted to the...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Start of IndyCar Nashville race on hold due to weather
The beginning of the Music City Grand Prix from Nashville Superspeedway...
4h ago from MotorsportWeek.c...
IndyCar event from Nashville postponed to Monday due...
Heavy rain has postponed IndyCar’s Music City Grand Prix at Nashville...
1h ago from MotorsportWeek.c...
IndyCar race at Nashville delayed by World Cup Final,...
No description available...
4h ago from Motorsport.com
Matteo Nannini leads Cape Motorsports 1-2 in Nashville...
No description available...
8h ago from Motorsport.com
Popular On TotalWRC.com
What a maiden WRC win in Estonia means to Sami Pajari
No description available...
9h ago from Motorsport.com
Sami Pajari and Marko Salminen triumph on Rally Estonia
The next generation of WRC stars continued to shine in Estonia as Sami...
14h ago from MotorsportWeek.c...
WRC Estonia: Sami Pajari claims sensational maiden WRC...
No description available...
14h ago from Motorsport.com
Toyota’s young guns dominate Rally Estonia
Saturday in Estonia was a long day – nine stages and 150km of flat out...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Report: Arsenal plotting surprise move for Premier...
Arsenal are reportedly weighing up a surprise move for free-agent defender...
6h ago from CaughtOffside.com
'Keep a close eye…': Romano drops major Arsenal...
Arsenal remain interested in signing Julian Alvarez from Atletico Madrid....
8h ago from CaughtOffside.com
Arsenal push to beat Manchester City to highly-rated...
Arsenal are reportedly interested in signing the Morocco international...
9h ago from CaughtOffside.com
Formal talks: Chelsea in contact to sign £55m...
Chelsea have moved their search for a new centre-back into a more serious...
13h ago from CaughtOffside.com
Comments
Hottest News
Why was Hamilton handed five-second penalty for opening-lap...
Lewis Hamilton received a five-second time... Read More »
2h ago from F1Technical.net
EXPLAINED: Why did the FIA take no further action over...
The FIA stewards have decided to take no further... Read More »
2h ago from F1Technical.net
F1 Standings 2026: Latest points table as Lewis Hamilton...
The F1 title race is well underway and seven-time... Read More »
11h ago from GPFans.com
