News Details
Marussia administration statement in full
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....
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Marussia enters administration, will miss US GP
Sutton Images Enlarge Administrators have confirmed Marussia will miss...
11y ago from espnF1.com
Caterham enters administration
The administrators have taken full management control of F1 team Caterham...
11y ago from SkySports.com
Marussia placed into administration, confirms it will...
The Marussia F1 Team has entered administration and will not compete at...
11y ago from RichlandF1.com
Marussia into administration
The future of the Marussia team is hanging in the balance after Manor...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: “I don’t feel I will struggle...
No description available...
6h ago from Motorsport.com
Pedro Acosta proposes new idea for monitoring tyre...
No description available...
10h ago from Motorsport.com
Ducati rubbishes claim 2026 MotoGP bike built...
No description available...
1d ago from Motorsport.com
Why Jorge Martín was not penalised for jump start in...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou to drive Indy NXT machinery in Chris...
No description available...
3h ago from Motorsport.com
IndyCar’s IR-28 ‘a very nice car to drive' in...
IndyCar’s next generation car completed another milestone earlier in...
2h ago from MotorsportWeek.c...
Josh Pierson earns IndyCar license approval after...
The NTT IndyCar Series has granted Josh Pierson approval to seek a seat...
4h ago from MotorsportWeek.c...
Josh Pierson earns IndyCar license approval following...
No description available...
4h ago from Motorsport.com
Popular On TotalWRC.com
M-Sport’s 2027 WRC Fiesta Kit car breaks cover
No description available...
8h ago from Motorsport.com
Adrien Fourmaux confident of WRC drive despite 2027...
No description available...
1d ago from Motorsport.com
Sebastien Loeb tests new Project Rally One 2027 WRC car
No description available...
4d ago from Motorsport.com
WRC expands 2027 calendar to 15 rounds as USA, UK...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Liverpool make progress on talks with attacker amid...
Liverpool are making progress in securing Rio Ngumoha’s long-term...
1d ago from CaughtOffside.com
Saka replacement? Arsenal considering ambitious move...
Arsenal are reportedly keeping a close eye on Michael Olise's situation at...
1d ago from CaughtOffside.com
'No way' – Former Arsenal star makes damning...
Former Arsenal left-back Armand Traore has aimed a clear dig at Viktor...
2w ago from CaughtOffside.com
Arsenal eye ambitious 70-80m transfer of Real Madrid's...
Arsenal are reportedly eyeing an ambitious transfer move for Real Madrid...
2w ago from CaughtOffside.com
Comments
Hottest News
McLaren identify Oscar Piastri 'signature' key to ongoing...
McLaren boss Andrea Stella has pinpointed where... Read More »
1h ago from RacingNews365.com
Red Bull issue statement on future of Laurent Mekies as...
Red Bull have announced a new deal for team boss... Read More »
2h ago from GPFans.com
Christian Horner reveals Red Bull plot to sign Fernando...
Red Bull's plan to sign Fernando Alonso from... Read More »
1h ago from GPFans.com
