Marussia still owes Timo Glock $1m - source

Dec.31 (GMM) The collapsing F1 backmarker Marussia still owes a whopping $1 million to its former driver Timo Glock.

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.