Formula 1 news
Spyker considering F1 team sale
14 August 2007Spyker Cars is considering selling some or all of its Formula One team as part of a strategic review to refinance the entire organisation, the Dutch sports car company revealed this evening.
Spyker Cars has received much negative publicity about the state of its finances in recent months and in a statement said it has been forced to source additional funds to secure its position and continue investments.
"Of the various refinancing scenarios being considered, the (partial) sale of the Formula One team is one possibility," Spyker Cars said in a statement.
Spyker's F1 director Michiel Mol is known to be considering buying the team and would therefore step down from his position as CEO and director to prevent a conflict of interest.
The refinancing is expected to be completed by the end of September.
more news
- 09 Feb.
- GPUpdate TV: Force India debuts 2010 car
- Jerez results more telling, predicts Barrichello
- Petrov management denies speculation
- FIA considering team manager licences
- Di Resta to test Force India at Jerez
- Teams can miss three races, confirms Todt
- Mallya targeting podium finishes
- Force India enjoying greater development time
- Vitantonio Liuzzi: I'm a different Tonio
- Adrian Sutil: Expectations are high
- Photos: Force India introduces VJM03
- Force India reveals VJM03
- Force India set to launch 2010 car
- 08 Feb.
- No changes to BBC F1 team
- Two concerts for Australian Grand Prix crowd
- Jerez testing: The line-up
- Fantasy Formula 1 Manager: Subscribe now!
- Family doubts over Petrov Renault seat
- No unexpected problems at Sauber
- Soucek considering Formula 1 options
- GPUpdate TV: Interview with Johnny Herbert
- Klien not giving up on F1 return
- Lotus to run car on Tuesday
- 07 Feb.
- 06 Feb.
- 05 Feb.
- Ralf Schumacher in talks with Stefan GP
- Force India: F1 participation not in jeopardy
- Positive first test for Bridgestone
- British government requesting Force India accounts
- Brawn in favour of new points system
- Jordan tips Hamilton for title
- Photos: Thursday at Silverstone
- Glock debuts Virgin car at Silverstone
- Lotus links up with Renault World Series team
- 04 Feb.
more news
| Spyker F1 news | |
|---|---|
| 15 Nov. '07 | Klien and Liuzzi talk up Force India potential |
| 01 Nov. '07 | Yamamoto thanks Spyker for F1 chance |
| 24 Oct. '07 | Spyker name change approved |
| 23 Oct. '07 | New Spyker name good for business - Mol |
| 21 Oct. '07 | Disappointing final race for Spyker |
| 21 Oct. '07 | Mol expects swift approval of new Spyker name |
| 20 Oct. '07 | Frustrating day for Spyker |
| 20 Oct. '07 | Spyker to change name to Force India F1 |
| 19 Oct. '07 | Spyker invisible on Friday |
| 16 Oct. '07 | Kolles satisfied with team's result in 2007 |
| 16 Oct. '07 | Ferrari pleased with Toro Rosso and Spyker |
| 15 Oct. '07 | Sutil denies Toyota negotiations |
| More Spyker F1 news, Photos | |
Test Schedule
| 01 Feb. | 
Valencia |
 |
| 02 Feb. |
Valencia |
|
| 03 Feb. |
Valencia |
|
| 04 Feb. | 
Silverstone |
|
| 05 Feb. |
Silverstone |
|
| 10 Feb. |
Jerez |
 |
| 11 Feb. |
Jerez |
|
| 12 Feb. |
Jerez |
|
| 13 Feb. |
Jerez |
|
| Full Formula 1 test schedule | ||
|---|---|---|