Spyker deal on Formula 1 sale

Troubled luxury car maker Spyker has reached a deal to sell its Formula 1 racing team to the family of its former chairman Michiel Mol and the Indian businessman Vijay Mallya.

Spyker bought the team last year for almost €78m and is selling it on for €88m.
Shareholders will vote on the deal on September 27. The cash will go to pay debts.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation