Marussia still owes Timo Glock $1m - source

The collapsing F1 backmarker Marussia still owes a whopping $1 million to its former driver Timo Glock, according to reports.

The debt was discovered by the F1 business and Formula Money journalist Christian Sylt in the team's administration documents.

It shows that German driver Glock, who raced for Marussia and its former guise Virgin between 2010 and 2012, is one of the dozens of parties owed the most by the team.

Only Ferrari, McLaren, Pirelli and the hospitality company Freeman's - owed a combined total of $37 million - are owed more.

All together, Marussia owes almost $50 million to creditors, but administrator Geoff Rowley told the Telegraph that they "will suffer a significant shortfall" even though the team's assets are being auctioned.

After leaving Marussia and F1 at the end of 2012, Glock became a works BMW driver in the German touring car series DTM.

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Leopold

Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.

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