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F1 Marussia: Folded team's assets auctioned | F1 Marussia: Folded team's assets auctioned |
(6 days later) | |
The assets of collapsed F1 team Marussia are to be sold at auction. | The assets of collapsed F1 team Marussia are to be sold at auction. |
The Banbury-based team ceased trading in early November, nearly two weeks after being placed in administration, making about 200 staff redundant. | The Banbury-based team ceased trading in early November, nearly two weeks after being placed in administration, making about 200 staff redundant. |
Administrators FRP Advisory confirmed the Banbury-based team had folded after failed efforts to find a buyer. | Administrators FRP Advisory confirmed the Banbury-based team had folded after failed efforts to find a buyer. |
Among the items being sold off in an online auction are race and show cars, trailers, testing gear and office equipment. | Among the items being sold off in an online auction are race and show cars, trailers, testing gear and office equipment. |
While the 2013 Marussia race cars are part of the sale, their engines are not included. | |
Auctioneers have not put a reserve price on any of the items. | Auctioneers have not put a reserve price on any of the items. |
Equipment from the team's hi-tech testing unit is going under the hammer, along with car components, spare parts and pit equipment. | Equipment from the team's hi-tech testing unit is going under the hammer, along with car components, spare parts and pit equipment. |
A steering wheel, tyres, a purpose-built race simulator and drivers' suits are also available. | A steering wheel, tyres, a purpose-built race simulator and drivers' suits are also available. |
Marussia became the second F1 team to be placed in administration this autumn after the Caterham team also folded in October. | Marussia became the second F1 team to be placed in administration this autumn after the Caterham team also folded in October. |
The auction takes the form of a live webcast and online sales and runs from 16 to 18 December and on 21 January. | The auction takes the form of a live webcast and online sales and runs from 16 to 18 December and on 21 January. |
The Marussia team had hoped to return for the final race of the season after missing the US and Brazilian Grand Prix. | The Marussia team had hoped to return for the final race of the season after missing the US and Brazilian Grand Prix. |
Their driver Jules Bianchi suffered severe head injuries in a crash at the Japanese GP earlier in October. | Their driver Jules Bianchi suffered severe head injuries in a crash at the Japanese GP earlier in October. |
Marussia entered the sport under the Virgin Racing name in 2010. A change to the cars' chassis was needed because the fuel tank was too small and the team finished last in the constructors' championship. | Marussia entered the sport under the Virgin Racing name in 2010. A change to the cars' chassis was needed because the fuel tank was too small and the team finished last in the constructors' championship. |
The team rebranded as Marussia in 2012 and managed their first top-10 finish in the constructors' championship in 2013. | The team rebranded as Marussia in 2012 and managed their first top-10 finish in the constructors' championship in 2013. |
Marussia's final race was at the Russian Grand Prix on 12 October. | Marussia's final race was at the Russian Grand Prix on 12 October. |