Perennial backmarkers Marussia have followed Caterham into the wilderness of financial administration and will definitely miss the next two F1 races in Austin and Sao Paulo.
The news comes after Bernie Ecclestone revealed that both Caterham and Marussia cars and freight would not be shipped for the United States Grand Prix this weekend and would also miss the Brazlian Grand Prix the next weekend.
“With the existing shareholder unable to provide the required level of funding, the (Marussia) senior management team has worked tirelessly to bring new investment to the team to secure its long term future, but regrettably has been unable to do so within the time available,” said Geoff Rowley from administrators FRP Advisory LLP.
“Therefore, they have been left with no alternative but to place the Company into administration.”
According to Rowley no job losses have occurred at this stage and the near 200 staff had been paid in full to the end of this month. However, Marussia longer term future appears bleak, with Rowley adding there was “a very limited window of opportunity” to secure the team’s racing future.
[Source: Reuters]
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Following the announcement of the removal of four rolling chicanes, the Formula 1 Venues Association has announced that they will match this contribution to the betterment of the sport with their own contribution of removing four fixed chicanes from the Albert Park street circuit, the Circuit de Catalunya, the Hungaroring and Yas Marina Circuit.
It is understood that the Venues Association is also prepared to remove chicanes at Spa-Francorchamps and the Autodromo Nazionale Monza in the event that the show of good faith from the Venues Association leads to further withdrawal of rolling chicanes.
The organisers of the Canadian Grand Prix are understood to have declined from participating due to the importance of the final chicane as the only thing which makes the Circuit Gilles Villeneuve remotely interesting. The Clerk of the Course at Monaco has also vetoed any participation, on the grounds that he holds shares in the company operating the recovery crane stationed at the Nouvelle Chicane on the harbour front.
Officials at the Indianapolis Motor Speedway expressed their bemusement with the move, noting that the motorcycle Grand Prix they host with a chicane provides the fans with a significantly better show than the Formula 1 Grand Prix they hosted without it. They refused to be drawn on speculation that might just mean there is something wrong with Formula 1, suggesting that officials feel a return of Formula 1 to IMS would provide them with a better open wheel event than the annual ‘go fast until you hit something 500’ on the Memorial Day weekend despite any issues with Formula 1.