Marussia no longer owned by Marussia Motors

Marussia F1 Team

9 April 2014 by TF1T Staff

The Marussia F1 team is no longer owned by Marussia Motors, according to team spokesperson Tracy Novak.

The outfit was sold to businessman Nikolai Fomenko in 2010 and then renamed Marussia to sit alongside his supercar business.

However operations at Marussia Motors have ceased, but Novak insists it doesn't mean anything for the F1 team which is now owned by a company independent of the Marussia brand.

"The supercar project was ambitious, but it is disappointing that it was unable to get to market," she told R-Sport.

"There is no impact whatsoever on the Formula 1 team's operation."

The break-up isn't expected to harm Marussia's financial situation, with Novak confirming the team and Russian supercar company split some time ago.

"The Formula 1 team has been an independent operation for some time," she added.