Formula 1: Caterham and Marussia denied merging
by AllAutoExperts | 8 February, 2013
World Championship Formula 1 may remain with only 10 teams this season, because besides the HRT team bankruptcy those from the Marussia have attempted a merger with the Caterham.
The two teams fought for 10th place in the ranking of manufacturers have tried to find a solution to reduce costs and to survive in a tough economic climate. Finally, the Marussia has not agreed with the conditions of the Caterham, so the idea failed.
Graeme Lowdon, the sporting director of those from the Marussia, confirmed the information about the possible merger.
"I can confirm that the talks have taken place. I wasn't involved in them, but the conclusion was unacceptable for our shareholders, so nothing has happened", he specified for SkySports.
The two teams didn't wish to explain the reasons why they have not reached an agreement. The advantage of a merger was that the new resulting team would have practically guaranteed the 10th place in the ranking of manufacturers and its associated money from the TV rights.
