News Details
Ferrari, McLaren lose millions from Marussia collapse
The collapse of Marussia isn't just a loss for Formula 1 and the team's various employees, but it will also have an impact on Ferrari and McLaren which are among 200 creditors owed money. Ferrari supplied Marussia with engines for the 2014 season and is owed £16.6 million, none of which is expected to be recovered according to documents from Marussia's administrators, FRP Advisory. McLaren, which has a technical partnership with the Banbury-based team, is the third largest creditor with an outstanding £7.1m. The second largest is UK taxpayer-owned Lloyds Development Capital, an investment arm of Lloyds Banking Group, which is owed more than £10m after it lent the team...
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
Ferrari, McLaren take a hit from Marussia collapse
Ferrari and McLaren stand to lose millions as a result of the collapse of...
11y ago from ThisIsF1.com
Haas acquires Marussia assets and Banbury base
Gene Haas has reportedly purchased Marussia's former base in Banbury after...
11y ago from TheF1Times.com
McLaren-Honda back in-season engine development
McLaren-Honda's racing director Eric Boullier fears Mercedes will enjoy a...
11y ago from TheF1Times.com
Vergne finds new home at Ferrari
Scuderia Ferrari has signed Jean-Eric Vergne to become part of the testing...
11y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo closes out Le Mans MotoGP practice on...
Yamaha's Fabio Quartararo closed out MotoGP practice at the top of the...
1h ago from MotorsportWeek.c...
MotoGP French GP: Francesco Bagnaia takes surprise...
No description available...
40m ago from Motorsport.com
Francesco Bagnaia secures first pole of 2026 in French...
Francesco Bagnaia left it late in the French MotoGP qualifying to claim...
30m ago from MotorsportWeek.c...
Marc Marquez: 'It's not that the others are going...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
13h ago from Motorsport.com
IndyCar postpones IMS qualifying due to rain
The NTT IndyCar Series has postponed qualifying due to continuing...
12h ago from MotorsportWeek.c...
Rain washes out IndyCar qualifying at Indianapolis...
No description available...
12h ago from Motorsport.com
Second IndyCar practice at IMS headed up by Alex Palou
IndyCar took to the Indianapolis Motor Speedway road course for the...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Portugal: Organisers investigate major stage...
No description available...
14h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
17h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
22h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
Bayern rival Arsenal for signing of £70m Newcastle...
Bayern Munich are reportedly eyeing up a potential summer transfer window...
1h ago from CaughtOffside.com
Arsenal could try signing unsettled Kylian Mbappe if...
Arsenal have been tipped to change the course of their history if they win...
1h ago from CaughtOffside.com
'I can't see…' – Jamie Carragher makes big...
Liverpool legend Jamie Carragher has admitted he can see there being a...
3h ago from CaughtOffside.com
Sources: Chelsea & other PL clubs eyeing...
Chelsea are understood to be on alert for the possible transfer of Arsenal...
2h ago from CaughtOffside.com
Comments
Hottest News
F1: FIA comes to Honda's aid
An update to the 2026 regulations should give... Read More »
40m ago from Pitpass.com
F1 bosses at odds with drivers' anti-regulations narrative
Prior to Friday's announcement that an agreement... Read More »
20m ago from MotorsportWeek.com
F1 insider reveals how umbrella gaffe forced major team...
Former Ferrari F1 general manager Peter Windsor... Read More »
20m ago from GPFans.com
