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Marussia withdrawal means 18-car grid for US GP
The Marussia team's move into bankruptcy protection on Monday, four days after Formula One rival Caterham did the same, leaves only 18 cars on the grid for Sunday's United States Grand Prix, the smallest in nearly a decade. FRP Advisory, a London-based firm specializing in corporate restructuring, recovery and insolvency, has taken on the role of administrator and said Russian billionaire shareholder Andrei Cheglakov has been unable to provide the required funding to keep Marussia going. 'The company will continue to operate while the joint administrators assess the longer-term viability,' FRP Advisory administrator Geoff Rowley said in a statement. The statement also said Marussia's...
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11y ago from F1Pulse.com
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