F1 top news

Marussia in ‘advanced’ rescue talks

Marussia and its administrators has confirmed an auction of team equipment has been postponed due to rescue talks with a potential investor.

Earlier on Monday, it emerged that the sale of 2014 cars, components and race-day equipment scheduled for Wednesday was called off by the team’s administrators.

The BBC has quoted the administrator as confirming the auction was delayed “to allow for discussions to continue with a third party”.

Boss John Booth, who founded the F3 outfit Manor in 1990, explained that the talks are at a “fairly advanced stage” with a “credible investor”.

“Postponing the auction gives us a bit more time to explore it,” he added.

Booth also explained that, like Caterham if it is similarly rescued, Manor would have to use its 2014 cars – currently packed in crates in Abu Dhabi – in Melbourne in a few weeks’ time. (GMM)

Facebook Comments
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organizations The website is an unofficial website, all names and logos used here are property of their respective owners, more specially FORMULA 1, FORMULA ONE, F1, GRAND PRIX and logos and the wide Curves logo are trademarks of Formula One Licensing BV, a Formula One Group Company. Use or depiction of images or trademarks throughout this website is for illustrative and editorial purposes only. Official Formula One information can be found at www.formula1.com

Copyright © 2015 Thisisf1.com

To Top