Connect with us

F1 top news

Marussia in ‘advanced’ rescue talks

Published

on

marussia-f1-auction-is-a-complete-closure-of-the-teams-headquarters-photo-gallery_8
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)

Loading...

Comments

Latest Results




Latest F1 News

2018 F13 days ago

Can Red Bull Challenge Mercedes And Ferrari?

24SharesSo, things didn’t exactly go to plan for Lewis Hamilton and Mercedes at Silverstone as the Brit made a disastrous...

2018 F13 days ago

Liberty working on securing future of British GP – Brawn

5SharesRoss Brawn says Liberty Media is working on securing the future of the British grand prix. Silverstone owner the BRDC...

2018 F13 days ago

Grosjean form ‘unacceptable’ – Haas F1

1ShareGunther Steiner says a “critical moment” could come amid his patience with struggling Haas driver Romain Grosjean. Frenchman Grosjean has...

2018 F13 days ago

No ‘negotiations’ with Raikkonen yet – McLaren

34Shares Zak Brown says McLaren has not yet opened contract talks with former team driver Kimi Raikkonen. It is rumoured in...

2018 F13 days ago

Wolff wants Hamilton beyond 2020

652SharesToto Wolff has revealed he wants to keep Lewis Hamilton at Mercedes even beyond 2020. Although not yet announced, it...

2018 F14 days ago

Renault engine power deficit a bigger problem – Verstappen

5SharesMax Verstappen says Red Bull’s title chances have taken a dive. Although the Dutchman won in Austria, he says at...

2018 F15 days ago

Ricciardo admits 2019 Red Bull contract ‘likely’

1ShareDaniel Ricciardo now says it is “likely” he will stay at Red Bull in 2019. Earlier, the Red Bull driver...

2018 F15 days ago

Alonso no fan of proposed expand points system

44SharesFernando Alonso says he is not sure changing the points system is a good move for F1. Over the British...

2018 F15 days ago

Renault felt like F2 engine – Verstappen

105SharesMax Verstappen says he feels as though he has been relegated to Formula 2. In the Honda era, Fernando Alonso...

2018 F16 days ago

Rosberg reveals what difference at Ferrari engine

1Share2016 F1 world champion Nico Rosberg says the engine is what is making the difference at Ferrari this year. The...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media