UpdateF1 >> Formula 1 News > Mol confirms buyout talks

Spyker OK for '07

Aug.16 (GMM) Michiel Mol, who quit as CEO of Spyker's road car making parent this week, has confirmed that he is hoping to buy the financially-embattled Silverstone based team.

His admission on Wednesday followed the issuing of a statement by the Dutch team insisting that there is no danger that Spyker does not have the money to finish the 2007 world championship.

Spyker is not the only team in financial strife at present, with separate reports this week revealing that Super Aguri are in urgent talks to sell a stake of the Japanese outfit because major sponsor SS United Oil and Gas had defaulted on payments.

Former Spyker CEO Mol, meanwhile, who quit because "I cannot negotiate with myself", told the Dutch magazine Formule 1 Race Report that he had not yet bought the team.

But he said: "I want to make an offer and am presently looking for partners with which I can finance that."

Mol confirmed that his wealthy father, Jan, could be one of the financiers.

Team boss Colin Kolles, meanwhile, said in the team statement: "There is no doubt that we will be racing with our current driver lineup of Adrian Sutil and Sakon Yamamoto in the Turkish grand prix and beyond."

Written: Thu, 16 Aug 2007 08:20:35