Ferrari, McLaren take a hit from Marussia collapse


McLaren Formula One driver Jenson Button of Britain (front) drives ahead of Ferrari Formula One driver Kimi Raikkonen of Finland during the qualifying session for the Australian F1 Grand Prix at the Albert Park circuit in Melbourne March 15, 2014. REUTERS/Brandon Malone (AUSTRALIA - Tags: SPORT MOTORSPORT F1) - RTR3H68C

LONDON (Reuters) - Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported.

It said documents from administrators FRP Advisory dated Dec. 18 showed that Ferrari, Formula One's oldest and most successful team, were owed 16.6 million pounds for engines supplied.

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