Spyker owner commits ‘long term’ to F1

Tue, 6 February 2007, 01:05

Spyker is in formula one for the long haul, its majority owner proclaimed on Monday.

Dutch businessman Michiel Mol, with the title of F1 director, called the team a “long term project” that he hoped would be winning races within five years.

Mol had previously committed to his role for a multi year period, and it is understood that the new engine deal with Ferrari is for four years.

He will attend all seventeen races in 2007, after the team’s previous owners – Midland – pulled out of the sport less than a full season after dropping the Jordan name.

“I’ve never done a deal to make a quick buck or for a short-term project,” Mol said, after entering F1 with his internet brand ‘Lost Boys’ as a personal sponsor to Jos Verstappen.

“To see results in this company, you definitely have to look at it long-term.

“If we score points this year, and if we can be seriously in the mid field next year, be on the podium the year after and win races in five years then we are on the right track,” he said.


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