Motorsport.com3:26am 1 January 2015
The collapsing F1 backmarker Marussia still owes a whopping $1 million to its former driver Timo Glock.
The debt was discovered by the F1 business and Formula Money journalist Christian Sylt in the team’s administration documents.
It shows that German driver Glock, who raced for Marussia and its former guise Virgin between 2010 and 2012, is one of the dozens of parties owed the most by the team.
Only Ferrari, McLaren, Pirelli and the hospitality company Freeman’s – owed a combined total of $37 million – are owed more.
All together, Marussia owes almost $50 million to creditors, but administrator Geoff Rowley told the Telegraph that they “will suffer a significant shortfall” even though the team’s assets are being auctioned.
After leaving Marussia and F1 at the end of 2012, Glock became a works BMW driver in the German touring car series DTM.
11:08am 26 January 2015
Autosport | 0 |
Ferrari’s new team boss maurizio arrivabene believes rule changes planned for 2017 must be a revolution for formula 1… More >
9:14am 23 January 2015
Autosport | 0 |
Fia president jean todt and medical chief gerard saillant are planning legal action against former formula 1 driver philippe… More >
11:17am 22 January 2015
Autosport | 0 |
Force india has unveiled its striking new colour scheme in an event in mexico on wednesday, ahead of a… More >
11:14am 22 January 2015
Motorsport.com | 0 |
World champion lewis hamilton’s father is involved in plans to revive a south african grand prix. since splitting as… More >
11:12am 22 January 2015
Motorsport Magazine | 0 |
will there ever be a lewis hamilton of motogp, a black king of motorcycle… More >
4:41pm 17 January 2015
NZ Herald | 0 |
To have back-to-back motorsport festivals held in your honour must be pretty cool. that’s what awaits former kiwi formula one… More >