Spyker seals Formula 1 sale

Luxury car maker Spyker has reached a definite deal on the sale of its Formula 1 racing team to its former boss Michiel Mol and businessman Vijay Mallya.

The duo are paying €88m for the Spyker team, which the car maker bought a year ago for €84m.
Spyker will use the money to pay debts.

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