Spyker set for yet another buyout

Posted on | Author Keith Collantine

Sakon Yamamoto, Spyker-Ferrari, Hungaroring, 2007 | Peter J Fox / Crash Media GroupThe Silverstone-based Spyker team is set for yet another change of ownership as current team director Michel Mol is preparing to buy it from parent company Spyker Cars.

Spyker Cars has run into financial problems and has accepted an ??????80m (???54.2m / $109m) offer from Mol and Indian business partner Vijay Mallya. It originally bought the team from Midland Group for $106.6m.

That was the second takeover of the team since 2005 when Eddie Jordan sold it to Midland.

Mol’s offer is currently being inspected and may be confirmed within 30 days.

Meanwhile the team is set to race the B version of its chassis at the Italian Grand Prix. It was not used at the Turkish Grand Prix as it had failed an impact test.

Since then the team has suspended chief designer John McQuilliam. It is not known whether that was linked to the delay to the arrival of the revised car.

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Photo: Peter J Fox / Crash Media Group

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