banner The latest auto news, reviews, prices, product and vehicle releases. Auto News 5

Stay connected Subscribe to our RSS feed

Do not miss the latest Auto News !

Jan
19th

F1: Marussia’s administrators still in talks with potential buyer

Stay connected Subscribe to our RSS feed
Hopes that Marussia could return to the Formula 1 grid in 2015 have been revitalized after the planned auction of the team's remaining properties was unexpectedly cancelled.

Sky Sports F1's sources have discovered that Marussia (Manor) is in serious discussions with a new group of investors about a takeover.

It is understood that it is a different group that the one that wanted to take control of the team prior to last year's Abu Dhabi Grand Prix.

Sky Sports F1 says that talks continue with an (very) interested party.

“Marussia currently have debts of £60m (US $91m), but if they do continue in existence they are in line for £30 million (US $45m)  of prize money based on their performance last season."

Several Marussia race cars and race-day pit equipment were supposed to be auctioned this week, but the sale was suddenly cancelled without explanations.

Despite the tough times and difficulties, former Marussia F1 Team boss Graeme Lowdon is refusing to give up hope of the team returning for the new season after the FIA provisionally included Manor F1 on the 2015 entry list.


Hosted by CifTech Hosting.