MF1 sale nearly complete – report

Mon, 21 August 2006, 05:58

The sale of Midland’s ‘MF1 Racing’ team to a Dutch consortium is nearly complete, according to new reports in Holland.

‘Formule 1 Race Report’ is claiming that an announcement could be made this weekend, as the grand prix circus reconvenes in Turkey after a three week break.

The report explained that the final stumbling-block is new negotiations over price, with current team sponsor Michiel Mol – of the ‘Lost Boys’ company – concerned that his original offer of an estimated $120m was too high.

His new offer is reportedly around the $100m mark.

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