Date: 28th October 2014 at 9:21am
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The Marussia Formula One team could be saved by British-Indian brothers Baljinder Sohi and Sonny Kaushal.

On Monday Marussia followed Caterham into administration.

The news followed a lot of talk of the financial problems in the Formula One paddock, with teams discussing a desperate need to lower costs in the sport, whilst a contingency plan of teams running a third car have been discussed if three teams depart from the grid.

This week that possibility edged a bit closer.

Caterham first fell into administration and will be absent from the grid for both the United States and Brazilian Grand Prix.

Formula One supremo Bernie Ecclestone then announced that Marussia would also be absent, but without any confirmation from the team the paddock was left to speculate the news.

They didn’t have long to speculate with the news that the team had gone into administration.

With Marussia team owner Andrey Cheglakov unable to continue providing the required level of funding the administrators were brought in, in a bid to secure its long-term future.

That could come in the form of British-Indian brothers Baljinder Sohi and Sonny Kaushal who have made their individual fortunes in the Steel Industry.

Despite Marussia’s financial issues, the team could be seen as an attractive prospect, mainly down to the vital points Jules Bianchi secured for the team in Monaco.

His ninth place finish won him and the team two Formula One World Championship points, those two points are likely to be enough to secure ninth place in the F1 constructors championship a position that is worth a prize-money windfall in the region of £35million.

?They are interested and have put in, in their words, ?a serious offer? to buy the team and that would mean them taking on the team?s current £30million debt,? reported Sky Sports report Craig Slater.

?Negotiations are ongoing but Sky sources can confirm that the brothers are serious about buying this team.?