The debts of Marussia are estimated to exceed 50 million dollars
While the Manor/Marussia team's adventure in Formula 1 seems to have come to a definitive end, the team's liabilities reportedly amount to over 50 million dollars, with several renowned creditors, including their former driver, Timo Glock.
All the assets of the defunct Marussia team were auctioned off, which marked the end of the team and its presence in Formula 1, even though it is still listed in the 2015 entrants list.
Despite everything, it is likely that the team will not be present next season and that it has other concerns, particularly financial ones, to address. Indeed, the team has accumulated nearly 50 million dollars in debt to various creditors, as revealed by journalist Christian Sylt, who specializes in Formula 1 economics, after analyzing the team’s administrative documents.
According to the journalist, Marussia reportedly owed more than 30 million dollars to Ferrari, McLaren, and Pirelli, who had respectively provided them with power units, gearboxes, and tires to compete in the season.
More surprisingly, Marussia still owes the tidy sum of one million dollars to its former driver, Timo Glock. The German raced for Virgin/Marussia from its inception in 2010, leaving the team that could no longer afford his salary at the end of 2012.
The administrator in charge of the company’s liquidation, Geoff Rowley, told the newspaper The Telegraph that it will suffer a significant shortfall in revenue, even if the team’s assets are auctioned off.
