Marussia follow Caterham into administration
Grand Prix, buy canada goose jacket administrators FRP Advisory LLP said in a statement on Monday.
The car of Marussia Formula One driver Jules Bianchi of France is pictured in the garage during the first free canada goose uk black friday practice session of the Russian F1 Grand Prix in the Sochi Autodrom circuit October 10,2014. REUTERS/Laszlo Balogh
The move will leave just nine canada goose factory sale teams canada goose coats on sale and 18 cars on the starting grid for the race in Austin, Texas, which is followed immediately by the Brazilian Grand Prix in Sao Paulo. The season finale is in Abu Dhabi on Nov. 23.
Caterham went into administration last week, with their factory closed and the staff told to stay away until further sale canada goose notice.
the Canada Goose Outlet 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 cheap Canada Goose has been unable Canada Goose Coats On Sale to do so within the time available, said FRP joint administrator Geoff Rowley.
they have been left with no alternative but to place the Company into administration.
The news was canada goose uk outlet expected, with Formula One supremo Bernie Ecclestone telling Reuters on Saturday that neither team would be going to Austin.
There has been no comment from Marussia, who are ninth in the championship, since last week. Their entry is held officially by Manor Grand Prix Racing Limited with Russian Andrei Cheglakov the majority shareholder.
Reports have for some time canadian goose jacket indicated that Cheglakov, whose Marussia sportscar buy canada goose jacket cheap company closed in April, was not prepared to put any more money into Canada Goose Jackets the team and was seeking an exit if no buyer was forthcoming.
NO REDUNDANCIES The Ferrari powered team were already reeling from the life threatening injury suffered by their French driver Jules Bianchi canada goose uk shop in Canada Goose sale Japan three weeks ago and entered only one car cheap canada goose uk at what was nominally a home race uk canada goose outlet in Russia.
Bianchi, 25, remains in a critical condition in hospital in Japan with serious brain trauma after crashing into a recovery tractor at Suzuka.
Malaysian registered Caterham are 11th in the championship and have yet to score a point.
The absence of the two struggling British based teams from Texas means none of the three newcomers that canada goose clearance entered the sport in 2010 remains on track. The canadagooseparks third, Spanish Canada Goose Parka based HRT, folded at the end of 2012.
Rowley said that the administrators had assessed that it was not viable for Marussia, given canada goose black friday sale their current financial circumstances, to take part in the next race.
Company will uk canada goose continue to Canada Goose Online operate while the joint administrators assess the longer term viability of the Company in its present form, he added.
Marussia participation in Brazil and Abu Dhabi remained in canada goose coats doubt and will depend on the canada goose clearance sale outcome of the administration process and any related negotiations with interested parties.
However, Rowley recognized canada goose store there was very limited window of opportunity
The administrator said canada goose no redundancies had been made and all of the nearly 200 Canada Goose online strong staff at the Banbury based team had been paid in full to the end of October.