Formula One news

Spyker F1 team at no risk - Kolles

Further to the statement of Spyker Cars on Tuesday evening, the Spyker F1 team has issued a separate statement to clarify where the team stands and to confirm it has finances to see out this season at the very least. 

Spyker Formula One Team principal and managing director, Colin Kolles, states: "Spyker F1 Team Ltd is completely confident that it has the necessary budget to race in the FIA Formula One World Championship this season. There is no doubt that we will be racing with our current driver line-up of Adrian Sutil and Sakon Yamamoto in the Turkish Grand Prix and beyond."

"The recent press statement issued by Spyker Cars N.V should not be taken as an indication that the team is in jeopardy of immediate closure. As part of its own strategic review and refinancing strategy Spyker Cars N.V is considering the (partial) sale of the Spyker Formula One Team. This is however but one possibility."

"Should Spyker Cars N.V. ultimately decide to sell, its management will strive for the final decision to be in the best interests of the team, its employees and partners and that we have the means to achieve our goals that have been set in motion this season."

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