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Marussia assets up for auction

NEWS STORY
30/11/2014

As Administrators for Caterham continue to seek a buyer for the team, the assets of rivals Marussia have been put up for auction.

The Banbury outfit which entered the sport (as Virgin) in 2010 lured, along with Caterham and Hispania, by the promise of a budget cap which would level the playing field, ceased trading at the beginning of the month, making 200 employees redundant.

Still reeling from the horrific accident in Japan that left Jules Bianchi fighting for his life, Marussia managed one more race (Russia), albeit with just one driver, Max Chilton, on duty, before finally going under.

Though, like Caterham, there had been glimmers of hope, the team and its assets are now up for auction as another F1 dream appears to have ended.

On its website, CA Global Partners, which is acting for administrators FRP Advisory, has announced details of the auction - scheduled for 16 and 17 December at the team's former Banbury HQ - which includes race cars (no engines), complete test lab, race day trailer fleet, machine shop, spare parts (including race day equipment) and hi-tec server equipment.

Ironically, 2014 saw the team score its first ever world championship points - courtesy of Bianchi at Monaco - which saw it finish ninth in the constructors' standings, ahead of veterans Sauber and Caterham.

A sad day.

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READERS COMMENTS

 

1. Posted by Canuck, 01/12/2014 0:43

"What a shame, 3 teams where brought in under false advertizing. In business when you are sold a bill of goods under misrepresentation there is usually court actions that follow. And Does the FIA really care? They get to sell new entries with no promise of keeping their word. And Mr E just looks at the profits. He may have built this into a global sport and I guess he wants it to be buried with him.

Of the 3 Teams - none will be on the grid in Australia 2015.

As an aside to the selling out by the FIA and Mr E - correct me if I am wrong -- but --- with the double points in the last race, this also means more revenue for the FIA from Driver Licensing. Jean must be the star pupil of Mr E's Academy"

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2. Posted by Ro, 30/11/2014 19:12

"What a shame, it promised such a lot. I feel really sorry for all who have lost their jobs. Mr E could/should have done more"

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