Marussia’s performance outside F1 also spluttered, as the accounts show that
its team in the sport’s feeder series, GP3, made a £178,000 net loss in 2012
on revenue of £1.2m.
Marussia F1’s chief executive, Andy Webb, says that the F1 marketplace
“continues to exhibit some volatility in terms of sponsorship income which
has come under pressure from the condition of the global economy”.
In the 2011 accounts, Webb revealed that he was in “active discussions with
potential new investors” and in the latest filing he says there are still
“ongoing discussions with a number of interested parties”.
The 2011 documents also stated that Marussia aimed for a podium finish in the
inaugural Russian Grand Prix next year, but this target is noticeably absent
from the latest accounts.