Formula1, Motorsport

F1 Marussia assets to be auctioned off

Marussia’s assets will be sold by auction.

The F1 team ceased trading in early November, some two weeks after being placed into administration, turning 200 staff redundant.

Administrators, FRP Advisory confirmed the Banbury-based team has folded, after they failed to find a buyer to takeover their troubles.

Among the items being auctioned off online are race and show cars (although their engines are not included), trailers, testing gear and office equipment.

Auctioneers have yet to put a reserve price on any of the items, ahead of the live webcast and online sale which kicks off from tomorrow to December 18th.

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