News Details
British bank sells Marussia team shares
22 April, 2013 Lloyds, the quasi-government owned British bank, has sold its stake in the Formula 1 team Marussia.
Formula 1 business journalist Christian Sylt said the bank's private equity division LDC decided to sell its 25.3pc stake due to huge losses and the team's lack of results.
'LDC has sold its minority shareholding in the Marussia Formula 1 team to (Russian supercar maker) Marussia,' a spokesman confirmed to the Telegraph.
The spokesman said the team will continue to have a loan from LDC.
Full Story »
Full Story »
13y ago from YallaF1.com
0
You May Also Be Interested In...
Marussia shares sold following hefty loss
Lloyds Banking Group has sold its shares in Marussia F1 Team, amounting...
13y ago from RichlandF1.com
Wolff to sell his 16% stake in Williams
Toto Wolff says he will sell his 16 per cent stake in the Williams F1...
13y ago from TheF1Times.com
Wolff to sell stake in Williams
Former Williams Executive Director Toto Wolff will sell his 16 percent...
13y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin seals comeback from nightmare 2025: 'I'm...
No description available...
4h ago from Motorsport.com
MotoGP French GP: Jorge Martin leads Aprilia podium...
No description available...
8h ago from Motorsport.com
Japan's MotoGP podium drought is over: The history...
No description available...
5h ago from Motorsport.com
Marc Marquez undergoes double surgery after nasty...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard finally gets IndyCar redemption...
No description available...
4h ago from Motorsport.com
David Malukas impressed with ‘proper move’ that...
David Malukas finished second in the Sonsio Grand Prix on Saturday,...
4h ago from MotorsportWeek.c...
McLaren chief brands Fernando Alonso Indy 500 failure...
McLaren CEO Zak Brown has identified Fernando Alonso's failure to qualify...
8h ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
3h ago from Motorsport.com
Thierry Neuville nabs Portuguese win
Sebastien Ogier and Vincent Landais had their eighth Rally de Portugal...
7h ago from MotorsportWeek.c...
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
'It's an obvious error': Arteta praises referee for...
enal manager Mikel Arteta praised the referee and VAR after disallowing...
1h ago from TheGuardian.com
Neville: Arteta made a 'really poor decision' with...
Gary Neville analyses Mikel Arteta's tactical reshuffle against West Ham...
51m ago from SkySports.com
Mikel Arteta’s relief as ‘brave’ VAR decision...
t;li>‘It was the most chaotic circumstances’17 pitchside replays...
41m ago from TheGuardian.com
VAR offers up Arsenal’s title-deciding moment for...
tibillion stage of title-relegation stagger boils down to a referee in...
31m ago from TheGuardian.com
Comments
Hottest News
Charles Leclerc highlights the key to Lewis Hamilton's F1...
Charles Leclerc has "analysed every single... Read More »
3h ago from MotorsportWeek.com
F1 insider - Max Verstappen to Mercedes deal could fall...
According to F1 insider Peter Windsor, it's... Read More »
1h ago from GPFans.com
Mercedes star George Russell put in his place over...
Mercedes F1 star George Russell has been severely... Read More »
3h ago from GPFans.com
