Booth: We had to take steps to secure future

Booth: We had to take steps to secure future

21 January 2013 – Marussia Team Principal John Booth has hinted that the current economic climate played a role in Timo Glock's departure ahead of the 2013 Formula 1 campaign, with the German leaving the outfit on amicable terms after three seasons onboard.

Having missed out on tenth place in the 2012 Constructors' standings, Marussia is set to receive a lower share of television revenues this year, with the money split based on a team's overall position. In addition to the ongoing economic crisis, Booth says the squad was forced to take steps to secure its long-term future in the sport.

"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 10th place in the Constructors’ championship," Booth said on Monday morning. "Timo is a fantastic driver and he has been a very popular member of the team.

"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. 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, Formula 1 teams included."

Booth concluded by thanking Glock for his efforts during his three-year spell with the team, explaining that the 30-year-old's future employer, which has not yet been confirmed, will acquire 'a competitive, professional and experienced' racing driver.

"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," Booth said of Glock, who has been linked with a move to the DTM series. "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."

Marussia is expected to announce Glock's replacement in the near future, with a wide range of drivers still chasing a seat in Formula 1. Max Chilton, who is graduating from the GP2 Series, has already claimed one of the team's seats for the 2013 season.

related

Comments

Latest News
Full
Compact

  1. Sunday 23 November 2014

  2. 17:54

    Latest F1 photos: Sunday in Abu Dhabi

    F1
  3. Alonso to confirm future plans 'very soon' 17:52

    Alonso to confirm future plans 'very soon'

    Fernando Alonso says he will be able to announce his future plans "very soon", after completing his final race with...

    F1
  4. Stevens pleased to finish debut race 17:26

    Stevens pleased to finish debut race

    Caterham's Will Stevens says he was pleased to achieve his target of finishing his debut Formula 1 race at the Abu Dhabi...

    F1
  5. Vettel: It's been an incredible journey 16:56

    Vettel: It's been an incredible journey

    Sebastian Vettel was left to rue a disappointing end to "an incredible journey" with Red Bull at the Abu Dhabi Grand...

    F1
  6. I haven't finished yet, says Button 16:29

    I haven't finished yet, says Button

    Jenson Button says he did all he could during the Abu Dhabi Grand Prix to prove that he deserves to remain at McLaren in...

    F1
  7. Massa says 2014 'just the beginning' 15:58

    Massa says 2014 'just the beginning'

    Felipe Massa says the 2014 season is "just the beginning" of a more competitive period for the Williams team. Massa...

    F1
  8. Rosberg: Hamilton deserved to win title 15:37

    Rosberg: Hamilton deserved to win title

    Nico Rosberg says Mercedes team-mate Lewis Hamilton deserved to beat him to the 2014 world title. Hamilton usurped...

    F1
  9. Hamilton hails 'best start' of F1 career 15:21

    Hamilton hails 'best start' of F1 career

    Lewis Hamilton described the start he made at the Abu Dhabi Grand Prix as "probably the best" of his Formula 1...

    F1
  10. 15:09

    In full: Abu Dhabi Grand Prix race result

    F1
  11. Hamilton secures title with Abu Dhabi win 14:49

    Hamilton secures title with Abu Dhabi win

    Lewis Hamilton secured the 2014 Formula 1 title with victory in the Abu Dhabi Grand Prix, leading home Williams duo Felipe...

    F1
  12. 12:38

    Follow the Abu Dhabi Grand Prix live!

    F1
  13. 11:10

    Latest GP2 photos: Sunday in Abu Dhabi

    GP2
  14. Coletti takes final GP2 win of 2014 11:09

    Coletti takes final GP2 win of 2014

    Stefano Coletti claimed victory for Racing Engineering in the final round of the GP2 season in Abu Dhabi. Coletti assumed...

    GP2
  15. 10:52

    Revised starting grid for the Abu Dhabi GP

    F1
  16. Red Bull duo to start race from pit lane 10:51

    Red Bull duo to start race from pit lane

    Red Bull drivers Sebastian Vettel and Daniel Ricciardo will start Sunday's Abu Dhabi Grand Prix from the pit lane, after...

    F1
  17. FIA confirms drive-through for Grosjean 10:07

    FIA confirms drive-through for Grosjean

    The FIA has confirmed that Romain Grosjean will be forced to take a drive-through penalty within the first three laps of the...

    F1
  18. 09:34

    Latest GP3 photos: Sunday in Abu Dhabi

    GP3
  19. Niederhauser wins season-ending GP3 race 09:33

    Niederhauser wins season-ending GP3 race

    Arden's Patric Niederhauser strolled to victory in the final race of the GP3 season in Abu Dhabi. Niederhauser eased into...

    GP3
  20. Force India to present 2015 livery in Mexico 09:25

    Force India to present 2015 livery in Mexico

    Force India has revealed that it will present its 2015 livery at an event in Mexico at the end of January. It comes after...

    F1
  21. Video of the Day: World record truck jump 05:03

    Video of the Day: World record truck jump

    The Lotus Formula 1 team and partner EMC set a new truck jump world record in spectacular fashion.

    F1
  22. Saturday 22 November 2014

  23. 17:30

    Latest F1 photos: Saturday in Abu Dhabi

    F1
  24. Red Bull drivers excluded from qualifying 17:29

    Red Bull drivers excluded from qualifying

    Red Bull duo Sebastian Vettel and Daniel Ricciardo have been excluded from qualifying for the Abu Dhabi Grand Prix, after...

    F1
  25. Red Bull referred to stewards over front wing 16:48

    Red Bull referred to stewards over front wing

    Red Bull has been referred to the stewards after governing body the FIA declared its front wing illegal at the Abu Dhabi...

    F1
  26. Alonso expects 'uphill struggle' in race 16:20

    Alonso expects 'uphill struggle' in race

    Fernando Alonso says he expects to endure an "uphill struggle" on his final appearance for Ferrari in the Abu Dhabi Grand...

    F1
  27. 15:49

    Latest GP2 photos: Saturday in Abu Dhabi

    GP2
  28. Vandoorne dominates in Abu Dhabi win 15:48

    Vandoorne dominates in Abu Dhabi win

    McLaren youngster Stoffel Vandoorne dominated proceedings to claim his fourth victory of the season in the GP2 Feature Race...

    GP2
  29. Stevens left to rue Turn 17 mistake 15:37

    Stevens left to rue Turn 17 mistake

    Will Stevens was left to ponder what might have been after an error tarnished his final lap in Abu Dhabi Grand Prix...

    F1
  30. Bottas: Beating Ferrari remains the goal 15:22

    Bottas: Beating Ferrari remains the goal

    Valtteri Bottas says securing third in the Constructors' standings, ahead of Ferrari, remains Williams' target at the Abu...

    F1
  31. Force India confirms 'multi-year' Pérez deal 15:06

    Force India confirms 'multi-year' Pérez deal

    Force India has confirmed that Sergio Pérez will remain with the team next season and beyond, after the Mexican signed a new...

    F1
  32. Hamilton: I'm still there for the fight 14:51

    Hamilton: I'm still there for the fight

    Lewis Hamilton says he is pleased to be "there for the fight" after qualifying second for the title-deciding Abu Dhabi Grand...

    F1
  33. Rosberg: Pole just a small step towards title 14:38

    Rosberg: Pole just a small step towards title

    Nico Rosberg says pole position for the Abu Dhabi Grand Prix is just a "small step" towards his ultimate goal of claiming...

    F1
  34. 14:08

    In full: Abu Dhabi Grand Prix qualifying results

    F1
  35. Rosberg on pole for Abu Dhabi title decider 14:07

    Rosberg on pole for Abu Dhabi title decider

    Nico Rosberg stormed to pole position during Saturday evening's qualifying session for the Abu Dhabi Grand Prix, comfortably...

    F1
  36. Van der Garde leaves Abu Dhabi early 13:31

    Van der Garde leaves Abu Dhabi early

    Sauber reserve driver Giedo van der Garde has left the Abu Dhabi Grand Prix prematurely due to the team contravening the...

    F1
  37. 12:45

    Follow qualifying for the Abu Dhabi Grand Prix!

    F1
  38. Horner eyes new F1 engines for 2016 12:11

    Horner eyes new F1 engines for 2016

    Mercedes' rivals are eyeing significant changes to the power unit regulations if the German manufacturer refuses to agree on...

    F1
  39. 11:08

    Abu Dhabi Grand Prix: Free Practice 3 results

    F1
  40. Rosberg moves ahead in final practice 11:05

    Rosberg moves ahead in final practice

    Nico Rosberg topped the timesheets during Saturday afternoon's final practice session for the Abu Dhabi Grand Prix, moving...

    F1
  41. 09:46

    Follow FP3 for the Abu Dhabi Grand Prix!

    F1
  42. 08:42

    Latest GP3 photos: Saturday in Abu Dhabi

    GP3
more news