Spyker Angling to Buy Midland F1 Team

This image was lost some time after publication.

This week's Formula One intrigue involved a rumor the Midland F1 team was preparing for a sale. Overnight, Spyker Cars released the following statement:

In reaction to various rumors in the press, Spyker Cars N.V. and the M-Consortium headed by Michiel Mol make the following statement.

Spyker Cars NV and the M-Consortium confirm that currently negotiations are taking place with the owner of Midland F1 with respect to a possible acquisition by Spyker of the Midland F1 team. The outcome of the negotiations is still depending on a number of conditions and circumstances. In the event that such acquisition would materialize, Spyker will consider a share issue to (partially) finance the transaction. M-Consortium has expressed its willingness to subscribe to this issue for a large part.

At the appropriate time further announcements will be made. In any event the acquisition will be subject to Spyker Shareholders' and Supervisory Board approval.

Advertisement

The world's most over-the-top carmaker and an internet millionaire teaming up on a Formula One team? This is either going to get really interesting, or someone's going to get poked in the eye. Maybe both.

[via Autoblog.nl]

Related:
More on Spyker [internal]

Share This Story