‘Spyker’ confirms possible MF1 buyout

Tue, 29 August 2006, 09:34

Dutch car maker Spyker has confirmed paddock speculation that it is involved in the possible takeover of formula one team Midland.

In a statement published by BNR Nieuwsradio’, Spyker Cars and current MF1 sponsor Michiel Mol said the proposed purchase of Silverstone-based MF1 is ‘still depending on a number of conditions’.

It is rumoured that the Lost Boys-Spyker buyout would be in the region of $100m.

”In the event that such acquisition would materialise, Spyker will consider a share issue to partially finance the transaction,” the statement read.

Spyker Cars, launched in 2000, builds exclusive sports cars including the 450hp ‘C8’.


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