>


Advertisement
Rumors
Rumor Rating Description
A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact' unless so noted.  Please visit our Hot News page for news.  If you have a rumor, or can supply more information about one listed here, e-mail us with as much supporting information as possible and we may post it. User Agreement and Disclaimer. Newer rumors supersede older ones of the same topic.  Go to our forums to discuss any rumor.
for your iPhone
for your iPad

2015 IndyCar Silly Season Page | 2015 F1 Silly Season Page

Go to our forums to discuss this news
DATE News (chronologically)
11/23/11
f1
Bank problem to spin Virgin off F1 track?  (GMM)  Virgin's part-ownership by the British bank Lloyds is threatening to run the struggling formula one team off track.

Part taxpayer-owned Lloyds bought an undisclosed stake in the team - to be renamed Marussia in 2012 - last year.

The Independent now reports that directors risk prosecution by Companies House as a deadline to lodge documents relating to the Virgin investment runs out.

"On 25 October, Companies House sent a notice of dissolution to them and all of the company's other directors, including team principal John Booth" read the report written by Christian Sylt and Caroline Reid.

Companies House confirmed: "If they've promised to file a document and they don't, it will go through prosecution.

"They go through the courts for prosecution and if they don't bring it up to date, they could close the company down.  So they've got until Wednesday really."

Team co-owner Marussia and Lloyds declined to comment, and a Virgin team spokesman said the story was a "procedural communication from Companies House".

Rumors Archives
2000 2001 2002 2003
2004200520062007
2008200920102011
2012201320142015

Search Rumors
Search Help

Banner 10000012