News Details
Marussia into administration, misses USGP
The Marussia F1 Team has gone into administration and is set to miss this weekend' United States Grand Prix in Austin, administrators FRP Advisory LLP said on Monday.
The team follows Caterham F1 that went into administration one week ago. Both teams were notably running at the back of the grid since they entered Formula One in 2010. Both were heavily cash strapped and are now no longer able to keep going. As both are now ruled out for the US Grand Prix, this leaves just 9 teams on the grid, totalling 18 cars. “With the existing shareholder unable to provide the required level of funding, the (Marussia) senior management team has worked tirelessly to bring new investment to the team to...
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10y ago from F1Technical.net
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