Posted on Thursday, September 20, 2007 by George S.
Spyker Cars NV has agreed to sell its Formula One team for 88 million euros. The buyer of the Spyker Formula 1 team is a group of business people with Vijay Mallya and Michiel Mol on board. The news spread today.
Spyker shareholders meeting is scheduled for 29th of September. The sale decision will be voted as well.
Unfortunately Spyker has not been able to turn the Formula 1 team into a profitable business since the dutch company acquired it from Midland for $10.6.6 million last year.
Spyker shareholders meeting is scheduled for 29th of September. The sale decision will be voted as well.
Unfortunately Spyker has not been able to turn the Formula 1 team into a profitable business since the dutch company acquired it from Midland for $10.6.6 million last year.
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