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Marussia has played down F1's biggest loss
Formula 1 records are few and far between as far as Marussia is concerned.
Despite this, its top brass would have hoped to keep out of the record books on this occasion, having recorded the biggest financial loss in the sport's history.
The team, which operates on F1's smallest budget, made a loss of £56 million last year. However, chief executive Andy Webb is not concerned.
He told The Times that investors were planning to clear an estimated £130 million worth of debt, in lieu of the team signing the Concorde Agreement, which entitles them to a share of the sport's revenue.
As reported by Planet-F1.com, Webb told The Times:
The figures make frightening reading at first glance. But we have restructured the way in which the team is financed so that we start this new financial year without any debt and a clear path, thanks to our investors.
Our investors have met with some incredulity the way F1 costs are run.They were not expecting to enter a spending competition but they have put us on a solid footing and we are secure for future.