British bank sells Marussia team stake

British bank sold 25.3% of Marussia F1 team to Marussia (car maker)

Apr.22 (GMM) Lloyds, the part government-owned British bank, has sold its stake in the F1 team Marussia.

F1 business journalist Christian Sylt said the bank's private equity division LDC decided to sell its 25.3pc stake due to huge losses and the team's lack of results.

"LDC has sold its minority shareholding in the Marussia F1 team to (Russian supercar maker) Marussia," a spokesman confirmed to the Telegraph.

The spokesman said the team will continue to have a loan from LDC.

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags british ban, marussia, sell

User photos

sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
gillfoto
F1

gillfoto

1 photos
akazoinho
F1

akazoinho

4 photos
Upload photo