News Details
Marussia F1 Team ceases trading
The Marussia F1 Team has folded and its staff made redundant, the team's administrators have confirmed. Administrator FRP Advisory announced on Friday morning that the team has ceased trading, resulting in the loss of over 200 jobs. Geoff Rowley, joint administrator at FRP Advisory, said: "It goes without saying that it's deeply regrettable that a business with such a great following in Britain and worldwide has had to cease trading and close its doors." Marussia went in to administration following the Russian Grand Prix, and announced that it would not race in Austin or Brazil as a new buyer was sought. Sporting director Graeme Lowdon was present in America working to try and...
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