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Spyker To Sell Too

Spyker Team May Be For SaleSpyker Cars, the owner of the Spyker Formula One team is considering selling some or all of the team as part of a strategic review to refinance the entire organisation, the Dutch sports car company has recently revealed.

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.

So it seems life at the back of the Formula One grid is not so rosy, with both back marker teams, Spyker and Super Aguri announcing that they are seeking partners in order for the teams to carry on. It brings us right back to the days of teams like Jordan and Minardi, who both struggled on for years before being sold.

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