Chargement ...

Marussia plays down Lloyds exit

"The team is now in its strongest position"

Chargement ...

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 F1 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.

Chargement ...

«’No chance’ of beating Barrichello record - Webber

Lotus expects to stay with Renault in 2014»

Formula 1 news


>Former FIA steward slams modern Formula 1

>Horner: No concerns about the ’strength and depth’ of Red Bull’s personnel setup

>No Porsche seat for Vettel at 2024 Le Mans

>US congress demands answers from F1 by May 21

>F1 pecking order to keep evolving at Imola

More Formula 1news