Williams reject Marussia merger opportunity: Williams has reportedly rejected an attempt by Marussias owner to merge the two teams in an attempt to form a stronger, more financially resilient outfit. Whilst the terms of the proposed deal arent clear, its believed Marussia owner Andrei Cheglakov attempted to buy Toto Wolffs 15 per cent stake in Williams. The deal, according to Auto Motor und Sport, had the backing of Formula 1 CEO Bernie Ecclestone, but was rejected by team principal Claire Williams on the grounds that the team wishes to remain independent. A similar deal could still be done between Marussia and Sauber according to the report. Driven by the lack of available sponsorship and investment - with Saubers Russian backing now looking unlikely - F1 teams are having to tighten their belts or find alternative means to bolster their budgets. It could mean there are only ten teams on the 2014 grid, though if the deal were to proceed, its more likely the merger itself would take effect the following season.
Posted on: Thu, 28 Nov 2013 03:03:35 +0000
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