Marussia officially folds after failing to find a buyer - The team shut down after difficult few weeks
Published by Christine
The Marussia team admitted they were in administration last week and would miss the US Grand Prix but were hopeful they could find a buyer to allow them to continue if not in Abu Dhabi, at least next season. They were included on a provisional entry list released by the FIA this week but were subject to confirmation. A deadline was set for midday on Friday which sadly passed without a buyer being found. The team were forced to admit defeat, and shut down, with 200 staff losing their jobs.
The administrators said: “No solution could be achieved to allow for the business to continue in its current form. We would like to thank all the staff for their support during this difficult process.”
Tributes from fans and former employees have been pouring in for the team, who scored their first points in Formula One this year and were generally well liked for being down to earth and friendly. Boss Graeme Lowdon said: “F1 is the greatest team sport in the world and I’m proud to have worked with a great team of racers.”
