A spokesman for the F1 team Spyker’s previous owners say they are not concerned that the Dutch outfit seems to have run into money trouble.
Spyker took over from the Russian steel company Midland last year, but the $100 million price-tag was agreed to be transferred in three instalments — with the second only due later in 2007.
Spyker’s supercar-making parent, however, has been making headlines recently as it struggles under financial strain, sparking concern that it might not be able to settle its F1 debt.
“We are up to date with what is going on with Spyker,” Ron Fine, a spokesman for Midland’s former billionaire owner Alex Shnaider, told the magazine Formule 1 Race Report.
“Are we worried about the money that is owed to us? The clear answer is no.”
