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Old 2006-08-28, 10:12 PM   #1
Nick Koan
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Real Name: Nick
Join Date: Oct 2003
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Car: 2015 Mazda 3
Default Spyker to buy Midland F1

Looks like that Dutch consortium (headed by Lost Boys' founder Michiel Mol) that was looking to buy the Midland F1 team has a significant partner in the form of the Spyker auto company. Spyker is a company that has a long heritage of making cars, but took a long break and only returned a few years ago.

Here is their return, the Spyker C8 as presented by Top Gear.

http://www.youtube.com/watch?v=c4j_GsuWHcc

Anyway, the news article...

http://www.f1racing.net/en/news.php?newsID=128394

Quote:
A lot has been said this weekend about the sale of MF1 Racing. A group of Dutch investors have been talking with Midland owner Mr. Alex Shnaider for a couple of months and it has been said Dutch car brand Spyker would also be involved. In a statement Spyker admitted its involvement today.

The Spyker statement read: In reaction to various rumors in the press, Spyker Cars N.V. and the M-Consortium headed by Michiel Mol make the following statement.

Spyker Cars NV and the M-Consortium confirm that currently negotiations are taking place with the owner of Midland F1 with respect to a possible acquisition by Spyker of the Midland F1 team. The outcome of the negotiations is still depending on a number of conditions and circumstances. In the event that such acquisition would materialize, Spyker will consider a share issue to (partially) finance the transaction. M-Consortium has expressed its willingness to subscribe to this issue for a large part.

At the appropriate time further announcements will be made. In any event the acquisition will be subject to Spyker Shareholders' and Supervisory Board approval.
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