F1: Marussia F1 Team administrators talk about a possible takeover

It is understood Tuesday that Marussia Formula 1 Team administrators are in “serious talks” with one group about a possible takeover.

But Friday of last week, it was confirmed that the team was to be closed with a staff of around 200 being made redundant.

If the team can rise between 4 and 6$ millions before the end of this week, it would be able to compete in the season's finale in Abu Dhabi.

Sky Sports News HQ understands that talks are ongoing with an unnamed group about a proposed takeover.

“I don't feel like there's no way back. We're very competitive people and we'll keep fighting until there's absolutely no chance at all,” Graeme Lowdon, who was President and Sporting Director of Marussia, told Sky Sport last weekend.

“At the moment there's still very much a chance that we can compete in 2015 and beyond and indeed in Abu Dhabi.”

The small team has been entered as Manor F1 Team to the 2015 FIA Formula 1 World Championship.

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