The Marussia F1 Team has closed its doors for good it seems after administrators in charge of finding a buyer announced on Friday that it had laid off the company’s staff.
The team entered bankruptcy in October and missed the United States Grand Prix as a result. It was hoped they be back on the grid in Abu Dhabi, but with no viable buyer coming forward, the company has been shut down.
FRP Advisory administrator Geoff Rowley said: “It goes without saying that it is deeply regrettable that a business with such a great following in British and world motorsport has had to cease trading and close its doors.”
Finding a buyer looked hopeful with the FIA including Marussia, under parent company Manor Racing, on the 2015 entry list, however with Friday’s deadline passing to find an investor capable of paying the entrance fee, FRP Advisory had no other option but to sack almost 200 employees.
Meanwhile Caterham, which entered the sport at the same time in 2010 alongside the already-collapsed HRT, is approaching a deadline to find a buyer after it too entered administration.
