Now Marussia officially taken over by insolvency experts
- Published on 27 Oct 2014 13:20
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- By: Rob Veenstra
In a statement, FRP Advisory said Marussia's "existing shareholder" is "unable" to continue funding the team. The statement confirmed that it is financially "not viable" for the team to race in Austin this weekend. As for the last two grands prix of 2014, in Brazil and Abu Dhabi, whether Marussia returns depends "on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity", the administrators added.
The Telegraph has reported that British-Indian steel industry brothers Baljinder Sohi and Sonny Kaushal are lining up as potential buyers. (GMM)
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