News Details
Marussia plays down impact of Lloyds bank exit
24 April, 2013 Marussia has played down the impact of the withdrawal of a team co-owner.
It emerged this week that Lloyds, the part government-owned British bank, has sold its 25.3pc stake due to huge losses and the team's lack of results.
A spokesman told Formula 1 business journalist Christian Sylt and the Telegraph newspaper that Marussia, the Russian carmaker, bought the Lloyds stake.
Chief executive Andy Webb denied the move is bad news for the Marussia team.
'In terms of stability, the team is now in its strongest position since it was founded in 2009,' he is quoted by the Express newspaper.
Full Story »
Full Story »
12y ago from YallaF1.com
0
You May Also Be Interested In...
British bank sells Marussia team shares
22 April, 2013 Lloyds, the quasi-government owned British bank, has sold...
12y ago from YallaF1.com
Lloyds Banking sells its stake in Marussia
Lloyds Development Capital (LDC) an investment arm of the Lloyds Banking...
12y ago from TheF1Times.com
Lloyds sells stake in Marussia
Lloyds Development Capital (LDC) has sold its 25.3% stake in Marussia...
12y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders praise “really fun” Brazil GP track...
No description available...
12h ago from Motorsport.com
Johann Zarco takes top spot in rain-affected timed...
Johann Zarco made the most out of the rain-affected Brazilian MotoGP...
13h ago from MotorsportWeek.c...
MotoGP Brazilian GP: Johann Zarco tops rain-hit Friday...
No description available...
13h ago from Motorsport.com
Pedro Acosta tops opening Brazilian MotoGP practice
Pedro Acosta continued his fine early-season form as he posted the best...
17h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
3d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
3d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
55m ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
4h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
4h ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
4h ago from Motorsport.com
Popular On GunnersToday.com
'Their guru is all about fouling the goalkeeper' -...
Graeme Souness has criticized Arsenal's set-piece tactics while also...
15m ago from SportsKeeda.com
Saturday round-up: Saka and Merse, modern football,...
Morning all. Let's have a quick Saturday round-up, because while obviously...
1h ago from Arseblog.com
Mikel Arteta provides fitness update on 2 key Arsenal...
Arsenal manager Mikel Arteta has hinted that Martin Odegaard and Jurrien...
4h ago from SportsKeeda.com
Arsenal vs Manchester City Prediction and Betting Tips...
Fireworks will be lit at Wembley on Sunday, as Arsenal and Manchester City...
13h ago from SportsKeeda.com
Comments
Hottest News
Mercedes to be outvoted by F1 rivals as FIA 'submit engine...
F1 2026 title favourites Mercedes could be at... Read More »
1h ago from GPFans.com
'Painful' Kalle Rovanperä decision made after 'medical...
One of the biggest motorsport stories in 2026 has... Read More »
2h ago from RacingNews365.com
Lawrence Stroll’s curious defense of Newey and denial of...
A statement issued by Aston Martin executive... Read More »
1h ago from F1i.com
