Assets of Formula 1 Team Marussia Go to Auction

BANBURY, UNITED KINGDOM--(Marketwired - Dec 3, 2014) - The assets of the Formula 1 Racing Team Marussia will go to auction sale on Tuesday 16^th, Wednesday 17^th and Thursday 18^th December 2014. The sale will be conducted under the joint management of GA European Valuations and CA Global Partners by Order of G. Rowley & G. Carton-Kelly of FRP Advisory LLP, Joint Administrators of Manor Grand Prix Racing Limited T/A Marussia F1 Team.

The live and webcast auction will include Marussia Formula 1 Race Cars (No Engines), Memorabilia, Complete Test Lab, Race Day Trailer Fleet, Machine Shop, Corporate Offices, Parts, including Race-Day Replacement Parts and Tools, along with High Tech Server Equipment, Fixtures, Fittings & Equipment, and more. A full description of items and terms of the auction are available at either www.gaev.com and/or www.cagp.com.

The live and webcast auction will be conducted on-site at Manor Grand Prix Racing Limited Headquarters, Overthorpe Road, Banbury, Oxfordshire, OX16 4PN; or buyers may participate in this sale on site or via live webcast at www.cagp.com. The auction items will be available for inspection and public viewing at Marussia Headquarters on Friday 12^th and Monday 15^th December from 10 a.m. to 4 p.m. (GMT).

The live and webcast auction will be held on Tuesday 16^th and Wednesday 17^th December beginning at 10 a.m. (GMT) each day with an additional separate online only auction including office furniture and computer equipment ending Thursday 18^th December from 12 noon.

The Marussia F1 Team started racing in 2010 under the name Virgin Racing, then as Marussia Virgin Racing until it was renamed Marussia F1 Team in 2012.

An additional On-Line Auction Sale is planned for Wednesday, 21st January 2015, which will include the 2014 Formula 1 gear, trackside and pit equipment, along with three GP3 cars and a Super Aguri race car.

GA European Valuations Limited
GA European Valuations is one of the UK's leading firms of Appraisers, Surveyors and Auctioneers, providing a fresh insight and vision to all business assets, machinery and property.

CA Global Partners
CA Global Partners is a global company providing equipment management and capital recovery solutions with a focus on International Projects, Sports-Related, Historic Facilities, Technology Assets, Manufacturing, Construction, and Printing.