Marussia and Caterham held unsuccessful merger talks

By on Thursday, March 21, 2013

Marussia F1 Team

Marussia President Graeme Lowdon has confirmed that discussions with rivals Caterham regarding a merge of the two teams were held over the winter.

Today's issue of The Times claims that 'Talks between the Marussia and Caterham teams started over the winter as they tried to find common ground so that they could guarantee survival. But the talks foundered and the two teams are now in a dogfight for tens of millions of pounds in prize money'.

"I have everything prepared here for them to sign. It is not a problem. But they have not been happy and they almost merged with Caterham, so that made me wondering what was happening," Ecclestone told the newspaper.

Lowdon told Sky Sports News in Malaysia that "I can confirm that discussions took place. I wasn't involved in them and as I understand it, the conclusion was unacceptable to our shareholders. So nothing happened."

Marussia has yet to confirm they have reached a commercial agreement with Ecclestone, while the F1 supremo commented last year that he'd prefer a ten team grid.


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On this day
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