Formula One News

Formula One News » Caterham and Marussia held merger talks Posted on 21/03/2013

Graeme Lowdown has confirmed that Caterham and Marussia held merger talks, but an agreement could not be reached.

“I can confirm that discussions took place,” Marussia’s sporting director Lowdon told Sky Sports. “I wasn’t involved in them and as I understand it, the conclusion was unacceptable to our shareholders. So nothing happened.”

“But the talks foundered and the two teams are now in a dogfight for tens of millions of pounds in prize money.”

“We cannot understand why we should be the only ones without any form of agreement,” Lowdon told the British newspaper. “We have had nothing to sign and are not even racing on promises.

“We have sweated blood in this sport to build a team. We employ a lot of people and we have a huge fanbase. We are not giving up that easily, but each passing week makes us worry that we are deemed to have no place in this sport. We do not think that is the case.”