London: British Indian brothers Baljinder Sohi and Sonny Kaushal are reportedly looking to purchase Formula One team Marussia, based in Britain and owned by Russian billionaire Andrey Cheglakov.


Jules Bianchi of France drives the Marussia. Pic/ Getty Images

According to The Telegraph Monday, the purchasing sum is a reported 70 million euros (almost $89 million).

The English daily said the two brothers, who made their fortune in steel industry, have been in talks with Andy Webb, the chief executive of the beleaguered team, for the past three weeks to buy Marussia and save it from going into administration.