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F1 Team Marussia Holds Online Auction

Saturday, November 23, 2019 9:24:29 AM

The German also maximised the advantage after his closest title rival failed to score. It prompted a second stop for fresh tyres, and a slump to 16th position. From 11th on the grid, Wittmann worked his way up to finish on the podium, finishing third to keep his title hopes alive by the slenderest of margins. With a maximum of 84 points still at stake, Wittmann trails championship leader Rast by Just as one would wish for, with pole position, victory and having extended the championship lead.

Birmingham-based GA European Valuations GAEV conducted one auction in mid-December when minor items such as steering wheels, manufacturing and office equipment and drivers' race suits were sold.

Marussia driver Max Chilton looks on from a Silverstone test last season, with the team now subject to last-minute takeover talks which could see them line up on the F1 grid However, work has been ongoing behind the scenes in a bid to get the team on the grid for this season, albeit with a deadline of Wednesday fast approaching.

That is when GAEV was scheduled to sell off last season's race cars, along with all components, spares and race-day equipment, along with the team's cars that took part in the GP3 series.

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That would have signalled the end of the team - provisionally listed under their old name of Manor on the FIA's entry list for - as a going concern.

Marussia missed the last three races of the season after going into administration, with Chilton driving down the pitlane in Sochi during their last appearance at the Russian Grand Prix in October The Russian Grand Prix featured just Chilton driving for Marussia, with his team-mate Jules Bianchi left in hospital having suffered a serious accident at the previous race in Japan GAEV has now confirmed that auction is to no longer take place, with no new date rescheduled, and with a spokesperson refusing to confirm a reason as to why the auction has been cancelled.

It is understood sporting director Graeme Lowdon and team principal John Booth are conducting last-ditch negotiations to save Manor.

It met with all expectations in its first two seasons beating its rival new teams Marussia and the Colin Kolles run HRT. Aside from the odd strong performance the team remained firmly anchored to the back of the grid, roughly a second off the pace of the slowest midfield teams.

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