Lloyds, the part government-owned British bank, has sold its stake in the F1 team Marussia. F1 business journalist Christian Sylt said the bank's private equity division LDC decided to sell its 25.3pc stake due to huge losses and the team's lack of results.
"LDC has sold its minority shareholding in the Marussia F1 team to (Russian supercar maker) Marussia," a spokesman confirmed to the Telegraph. The spokesman said the team will continue to have a loan from LDC. (GMM)
British bank Lloyds sells Marussia team stake
- Published on 22 Apr 2013 10:46
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- By: Rob Veenstra
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Formula 1 Calendar - 2026
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Albert Park
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Gilles Villeneuve
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Red Bull Ring
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Silverstone
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Spa-Francorchamps
24 - Jul 26
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Hungaroring
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Circuit Zandvoort
Team profile
- Team name Marussia
- Base Banbury, Russian
- Max Chilton 4
- Jules Bianchi 17
- Jules Bianchi 22
- Max Chilton 23
- Will Stevens 28
- Alexander Rossi 53
- Roberto Merhi 98
- 19,771 comments on Marussia
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