Michiel Mol, who quit as CEO of Spyker’s road car-making parent this week, has confirmed that he is hoping to buy the financially-embattled Silverstone-based team.
His admission on Wednesday followed a statement by the Dutch team insisting that there is no danger that Spyker does not have the money to finish the 2007 World Championship. Eurosport
The Spyker move would form part of a strategic review and refinancing plan as a result of publicity surrounding the company’s survival and credit worthiness.
The partial or complete sale, with several offers already being considered, would boost the company’s short term liquidity. iafrica.com
Aug 15, 2007
A statement from the Dutch Spyker Cars NV parent company of the Silverstone based Spyker F1 team said that negative publicity about its credit worthiness and survivability had forced it to seek additional funds to secure its short term liquidity position and to continue investments.
The statement added, “Of the various refinancing scenarios being considered, the (partial) sale of the Spyker Formula One Team is one possibility.” EEMS
Spyker team principal Colin Kolles has insisted the team is not in danger of closing. It follows Wednesday’s admission by parent company Spyker Cars that it may sell off all or part of the team as part of a refinancing operation.
“Spyker F1 Team Ltd is completely confident that it has the necessary budget to race in the FIA Formula One World Championship this season,” said Kolles. “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. Formula1.com
In May this year Spyker Cars launched a “strategic review” which is looking at a variety of refinancing options, including delisting the company from the Amsterdam stock exchange.
The manufacturer, which took over the Midland (nee Jordan) team last September, admitted in a statement that its “short-term liquidity position is tight” and that a partial sale of the F1 outfit may form part of the refinancing plan. ITV.com
| 
|