News Details
Marussia plays down impact of Lloyds bank exit
24 April, 2013 Marussia has played down the impact of the withdrawal of a team co-owner.
It emerged this week that Lloyds, the part government-owned British bank, has sold its 25.3pc stake due to huge losses and the team's lack of results.
A spokesman told Formula 1 business journalist Christian Sylt and the Telegraph newspaper that Marussia, the Russian carmaker, bought the Lloyds stake.
Chief executive Andy Webb denied the move is bad news for the Marussia team.
'In terms of stability, the team is now in its strongest position since it was founded in 2009,' he is quoted by the Express newspaper.
Full Story »
Full Story »
13y ago from YallaF1.com
0
You May Also Be Interested In...
British bank sells Marussia team shares
22 April, 2013 Lloyds, the quasi-government owned British bank, has sold...
13y ago from YallaF1.com
Lloyds Banking sells its stake in Marussia
Lloyds Development Capital (LDC) an investment arm of the Lloyds Banking...
13y ago from TheF1Times.com
Lloyds sells stake in Marussia
Lloyds Development Capital (LDC) has sold its 25.3% stake in Marussia...
13y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
13h ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
2d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
2d ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
1d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
3d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
1d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
4d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
4d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
4d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'He’s kind of solved that problem for us' - Ian...
Arsenal legend Ian Wright has heaped praise on Viktor Gyokeres after the...
4h ago from SportsKeeda.com
'He gave you that energy, he lifted everybody' - Paul...
Paul Merson has urged Mikel Arteta to start Myles Lewis-Skelly in...
5h ago from SportsKeeda.com
Fit and firing Bukayo Saka injects fresh belief into...
astating cameo highlighted the crucial role the winger has to play if...
8h ago from TheGuardian.com
‘Might leave..' – Ex-player names Arsenal...
As the season approaches its dramatic conclusion this May, the tension...
13h ago from CaughtOffside.com
Comments
Hottest News
Ferrari suffer more Miami Grand Prix pain as F1 star hit...
Charles Leclerc is under investigation by FIA... Read More »
4h ago from GPFans.com
FIA announce Max Verstappen penalty after Miami Grand Prix
Max Verstappen has been handed a post-race... Read More »
2h ago from GPFans.com
F1: Miami Grand Prix: Result (Amended)
Result of the Crypto.com Miami Grand Prix. Read More »
2h ago from Pitpass.com
