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Posts tagged 'due diligence'

Lloyds Bank and Formula 1 racing

Tuesday, 12th November 2013

Today it has been announced that Lloyds TSB has disposed of its investment in F1 team Marrussia. For those not overly familiar in motor racing, Morussia cars are the one’s that regularly get in the way of all the other drivers and always finish last. Since the team was formed in 2010 they have yet to win a single point in the annual 18 race series. In other words they shouldn’t really be on the track at all.

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