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Banbury-based Marussia F1 team goes into administration

FRP Advisory LLP, the specialist restructuring and recovery firm have been appointed joint administrators to Manor Grand Prix Racing Limited trading as the Marussia F1 Team

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Marussia assets under the hammer

Marussia HQ in Banbury Credit: ITV

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.

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