Dutch Super Car manufacturer Spyker decided to sell the Formula 1 team within a year.
Spyker says that they are selling the team because of disappointing financial results. Mid august mister Mol resigned from the management of Spyker to make an offer on the Formula 1 Spyker team.
Another reason besides the unsatisfying financial results are the sports results. Just last week the team finally won their first point. German driver Adrian Sutil became 8th in the Gran Prix of Japan.
The Spyker F1 team is sold to Mol and an Indian investor group for 88 million Euros.
According Spyker the funds are going to be divided and send back to several investors. Midland Group receives 27 million Euro, ABN Amro receives 13.5 million Euro, Strongwind receives 17.3 million Euro, Friesland Bank receives 5 million Euro and an amount of 13 million euro will be used to pay for open invoices to suppliers within the Formula 1. According Spyker the net profit for them is 12.2 million Euro.
Not bad if you ask me for playing around with cars for a year.
Picture Source: www.spykerf1.nl
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