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.
gmmf1 dailyf1news.com
