- 2 updates
The assets of Oxfordshire based Formula one team Marussia will be sold at auction later.
It was announced in October that the Group which is located in Banbury and employs two hundred staff, was going into administration.
The auction will see items including race cars, car parts and Memorabilia go under the hammer.
Geoff Rowley and Geoff Carton-Kelly, partners of FRP Advisory LLP, the specialist restructuring and recovery firm, were appointed joint administrators to Manor Grand Prix Racing Limited trading as the Marussia F1 Team.
The Group is located in Banbury, Oxfordshire, and employs nearly 200 staff.
The Marussia F1 Team builds and operates racing cars that compete in the FIA Formula One World Championship (“F1”).