Spyker sale ‘as good as done’ – spokesman

Mon, 1 October 2007, 12:51

A spokesman has played down reports that the sale of the Dutch formula one team Spyker to the Vijay Mallya-led consortium might be scuppered.

Although the shareholders’ board of Spyker’s sports-car making parent approved the $125m sale in Amsterdam last Saturday, reports suggested that the deal might come unstuck over uncertainty about some unpaid loans.

Spyker confirmed on Saturday that the final hurdle to the deal is the settling of “minor legal conditions”.

But a Spyker spokesman said he expects the deal to be formalised, including with the signing of final contracts, in the next 24 hours.

“All I can say is only minor legal details need to be ironed out before the deal is officially closed. That, in no way, would be a hindrance since the deal is as good as done,” he said.

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