Monday, 5 January 2015

Marussia owe their creditors a reported $48.1 million

(© Ben Johnston 2014)

The Marussia Formula One Team owe their creditors a reported $48.1 million. The Banbury based outfit failed to finish the 2014 season after they entered administration last October. 

The outfit attempted to make it to the final race of the season however a last minute investment deal for the team to race in Abu Dhabi fell through.

The team were at the airport set to travel to the final race of the season but were forced to turn back.

The team’s base in Banbury, Oxfordshire was sold at auction to the Haas F1 Team who now have their main headquarters in Charlotte, North Carolina and in Banbury to prepare the cars for the racing.

Meanwhile, former Marussia F1 Team Principal John Booth has stated that he ‘retains slim hope’ that the team will return to Formula One this season. The Englishman has revealed that Manor Grand Prix Limited, the parent company of the Marussia F1 Team have two weeks in which to complete a deal to safe the team.

The outfit would also have to find a new base of operations for the team in the UK. Booth revealed that if the team find the investment to allow them to go racing this season they will receive the £40 million in prize money that they earned after Jules Bianchi scored two points at the Monaco Grand Prix last season.

Booth has stated that the prospect of gaining an extra £40 million is a huge benefit to any new investor.

© Ben Johnston 2015

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