News Details
Fears third F1 team could collapse – reports
There are fears a third team could follow Caterham and Marussia out of F1 as the new year beckons.
Caterham, although still in administration, is hoping to race in 2015 but Marussia's assets and factory are being sold to pay back creditors.
F1 business journalist Christian Sylt wrote in the Telegraph that the team's engine and technology suppliers Ferrari and McLaren, for example, are owed $25 and $11 million respectively.
Sylt said administrator Geoff Rowley acknowledged that Marussia is unlikely to race in 2015.
Now there are fears a third team could collapse, potentially reducing the 2015 grid to just 16 cars. Last year, 11 teams began the championship, filling a 22-car grid.
But the...
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11y ago from ThisIsF1.com
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