Yorkshire Post had this story this morning, seems that Manor is far from dead: http://www.yorkshire...-grid-1-7032483
Manor F1 2015 "There's still a chance" - John Booth
Started by
FullThrottleF1
, Jan 05 2015 11:46
15 replies to this topic
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#2
Jackmancer
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Posted 05 January 2015 - 11:49
In other news, David Coulthard said 2015 might finally be his year.
#3
RedBaron
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Posted 05 January 2015 - 12:14
In other news, David Coulthard said 2015 might finally be his year.
Superb
#4
pacificquay
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Posted 05 January 2015 - 22:31
Well here's hoping deals can be done to get both Manor and Caterham on the grid
#5
David Lightman
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Posted 05 January 2015 - 22:34
It's a shame that Marussia didn't have Caterham's larger budget.
#7
Petroltorque
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Posted 06 January 2015 - 08:41
More chance of Greece staying in the Euro than Manor surviving. Hell they've even sold most of their equipment.
#8
thegamer23
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Posted 06 January 2015 - 09:23
Rooting for them.
I really hope they can make it, this is a pure racing team.
#9
Fastcake
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Posted 06 January 2015 - 22:17
Outside of the big debts to Ferrari, McLaren and Pirelli, and the various smaller suppliers, some of the creditors on the list are quite surprising. They still staggeringly owe money to Timo Glock, as well as Chilton's family concerns, the FIA, Bernie and various F1 hosting circuits (I wonder what for?).
@EliGP £600,000 owed to Glock, two years after he left Marussia. Ouch.
#10
SpartanChas
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Posted 06 January 2015 - 22:24
As much as I liked Marussia, with the debts they have and the fact that all their equipment has been auctioned off, I just can't see it happening.
#11
aramos
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Posted 07 January 2015 - 00:19
Didn't all of their equipment get sold off?
#12
ninetyzero
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Posted 07 January 2015 - 00:37
As much as I'd like to see them back, sadly I think there's more chance of Stirling Moss making an F1 comeback...
#13
Petroltorque
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Posted 07 January 2015 - 06:24
What's more surprising is how Booth thinks anyone would allow him to run a team or fund a team with that level of outstanding debt.
#14
William Hunt
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Posted 07 January 2015 - 06:41
the amount of debt is about equal to the prize money for finishing 9th overall, the prize money is even a bit higher as the debt so their situation is in that aspect not worse as Caterham.
#15
dau
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Posted 07 January 2015 - 11:08
Outside of the big debts to Ferrari, McLaren and Pirelli, and the various smaller suppliers, some of the creditors on the list are quite surprising. They still staggeringly owe money to Timo Glock, as well as Chilton's family concerns, the FIA, Bernie and various F1 hosting circuits (I wonder what for?).
Parking fees and the like, probably. Wonder how they would owe money to Capsicum though. Did Chilton try to sponsor them with 2.1 million but had only a 5 million note?
#16
Prost1997T
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Posted 07 January 2015 - 11:50
http://www.autosport...t.php/id/117284
"The statement of affairs says that Marussia's assets of $9.5 million are only likely to realize $3.3m. The total estimated monies owed to creditors, taking into account floating charges, is $94.5 million. However, when issued and called up capital is taken into account, the estimated final figure of liabilities is $295.6m."
Yeah, right Mr Booth. I've got a bridge to sell you...
