Formula One news

Spyker admints interest in Midland F1 deal

A lot has been said this weekend about the sale of MF1 Racing. A group of Dutch investors have been talking with Midland owner Mr. Alex Shnaider for a couple of months and it has been said Dutch car brand Spyker would also be involved. In a statement Spyker admitted its involvement today.

The Spyker statement read: 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.

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