Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

3

Marussia F1 team also declares bankruptcy

By Deeq on 29 Oct 2014 in Formula 1

Attached Image It looks like the 2014 FIA Formula One World Championship will wrap up with two fewer teams than it started. First the Caterham F1 team declared bankruptcy amidst an ownership dispute, and now the Marussia team has gone into bankruptcy administration as well.

Alongside Caterham (then flying the Lotus banner) and the now-defunct Hispania Racing Team, the squad now known as Marussia entered the championship in 2010 as Virgin Racing. The team was sold and renamed Marussia Virgin Racing in 2011 and dropped the Virgin moniker altogether the following season, scoring its first and only two championship points earlier this season in Monaco. But that solitary, relative success has proven insufficient to guarantee the team's future.
 
Attached Image
With a lack of funds and one of its drivers critically injured at the Russian Grand Prix, the Marussia team's parent company Manor Grand Prix Racing Limited has declared bankruptcy. Alongside Caterham, it is now assured to be missing the United States Grand Prix at Austin next weekend. Unless a new backer can be secured immediately, the team is likely to miss the following rounds in Brazil and Abu Dhabi as well. The likely question now is whether Marussia, like Caterham, can find a new buyer in time for next season.

fia, formula1, formula one and 3 more...

Viewed: 14,241 times

Related Blog Posts
Deeq
Written by Deeq
With intense love for cars and bikes since little, and passion for photography, Siddiq tries hard to bring cars to life on the screen, proving his worth as well as his passion for the job.



  • 1
kobayashiGT Oct 29 2014 10:20 AM

I think they should promote F1 to China, there are alot of rich ppl there. Maybe they will invest in a team? "team wudi(無敵)"?

Ryanyusoff Oct 29 2014 03:44 PM

it's only a hobby for the rich.don't join if you can't compete..

StreetFight3r Oct 30 2014 12:38 PM

And I finally get to use my favorite phrase.. Another one bites the dust...

  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Purchase MPM engine oils and stand a chance to win $500 cash and a three-year supply of MPM...
POPULAR BLOG POSTS
Photo
The BMW 8 Series is making its return. The German automaker's flagship coupe is replacing the...
Photo
Mercedes-Benz is taping F1 racing technology to bring a new halo to its AMG performance brand. Th...
Photo
Koenigsegg has taunted their French rivals by posting a photo of an Agera RS with a caption sayin...
Photo
The Ferrari LaFerrari Aperta was a sold out success at its official unveiling at the 2016 Paris M...
Photo
Once in a while, we will meet drivers who will be road hogging in lane 1 on the highway. As much...
   Lifestyle Articles