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'Tough economic conditions’ blamed for Glock exit

The Marussia F1 team has confirmed that financial concerns forced the parting of ways with veteran Timo Glock.
Timo Glock's exit from the Marussia F1 team has been officially confirmed, bringing an end to a nine-year spell in the top flight.

The split, first rumoured by Germany's Sport Bild at the weekend, was formally announced by both parties in a statement issued from Banbury on Monday morning [21 January], with the current economic climate blamed for Glock's exit just over 18 months after he signed a lengthy contract extension.

The German was being paid to head up the team's driving strength, but Marussia replaced Caterham-bound Charles Pic with the well-backed Max Chilton for 2013, and is now expected to hire a similarly-funded team-mate for the young Briton. Vitaly Petrov and Sebastien Buemi head the list of rumoured replacements – although the Swiss driver's funding source is unclear – while Luiz Razia, Bruno Senna and Jaime Alguersuari all wait in the wings, having confirmed that they had the funds to chase other drives for 2013.

According to the Marussia statement, the team and Glock agreed to part company 'by mutual consent' and 'with immediate effect', with team principal John Booth thanking the 30-year old for his service through the first three years of the team's existence.

“Timo has made a very significant contribution to our team over the past three seasons, helping us to develop our package to the point where, for a large proportion of the 2012 season, we were holding tenth place in the constructors' championship,” Booth commented, “He is a fantastic driver and he has been a very popular member of the team.”

Losing that tenth place in the standings to Caterham just laps from the end of the season in Brazil could have proven to be the final nail in Glock's coffin, as finishing eleventh overall does not bring the sort of prize money that could have made retaining the German a viable option for 2013. Without him, Marussia may now have to sacrifice one of its founding principles in favour of doubling up on the other.

“Our team was founded on the principle of benefiting from proven experience whilst also providing opportunities for young emerging talent to progress to the pinnacle of motorsport,” Booth continued, “Thus far, this philosophy has also been reflected in our commercial model.

“The ongoing challenges facing the industry mean that we have had to take steps to secure our long-term future. Tough economic conditions prevail and the commercial landscape is difficult for everyone, F1 teams included.

“We would like to thank Timo for working with us to reach this decision, especially as he had a valid contract, and also for the contribution he has made to our team. We wish him all the best for his future and I would like to congratulate the next team acquiring the services of such a competitive, professional and experienced racer.

“We will provide an update regarding the completion of our driver line-up in due course.”

Tagged as: Timo Glock , marussia

Related Pictures

Click on relevant pic to enlarge
John Booth (GBR) Marussia F1 Team Team Principal   03.05.2012. Formula 1 World Championship, Testing, Mugello, Italy
24.11.2012- Free Practice 3, Timo Glock (GER) Marussia F1 Team MR01
18.11.2012 - Race, Timo Glock (GER) Marussia F1 Team MR01
17.11.2012 - Qualifying, Timo Glock (GER) Marussia F1 Team MR01
18.11.2012 - Race, Timo Glock (GER) Marussia F1 Team MR01
23.11.2012- Free Practice 1, Timo Glock (GER) Marussia F1 Team MR01
Timo Scheider (GER) Audi DTM driver
Timo Scheider (GER) Audi DTM driver
Timo Scheider (GER) Audi DTM driver
29.11.2015 - Race, William Stevens (GBR) Manor Marussia F1 Team
29.11.2015 - Race, Roberto Merhi (ESP) Manor Marussia F1 Team
29.11.2015 - Race, (L) John Booth (GBR) Manor Marussia F1 Team Team Principal
29.11.2015 - Race, William Stevens (GBR) Manor Marussia F1 Team
29.11.2015 - Race, William Stevens (GBR) Manor Marussia F1 Team and his team
29.11.2015 - Race, (L) Christian Horner (GBR), Red Bull Racing, Sporting Director, John Booth (GBR) Manor Marussia F1 Team Team Principal and Nikki Lauda (AU), Mercedes
29.11.2015 - Kimi Raikkonen (FIN) Scuderia Ferrari SF15-T, Felipe Nasr (BRA) Sauber C34 and William Stevens (GBR) Manor Marussia F1 Team
29.11.2015 - William Stevens (GBR) Manor Marussia F1 Team
28.11.2015 - Qualifying, Roberto Merhi (ESP) Manor Marussia F1 Team

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January 21, 2013 3:38 PM

So if they don't get a driver with substantial backing will the team fold? Chilton brings in over 10 million (bonkers I know) so are the looking for driver sponsors to cover 1/3 or more of the operating budget? That's a pretty precarious position to be in as the money is delivered in stages and doesn't always appear.

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