Mallya and Mol set for Spyker takeover - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 09-02-2007, 07:31 PM Thread Starter
CH4S Artist
Teutone's Avatar
Date registered: Sep 2004
Vehicle: 1985 500SEC, 1991 190E 2.6.
Location: Los Angeles / Hannover Germany
Posts: 34,319
Mentioned: 12 Post(s)
Quoted: 1073 Post(s)
Lifetime Premium Member
(Thread Starter)
Mallya and Mol set for Spyker takeover

3 Sep 2007
Mallya and Mol set for Spyker takeover
Indian businessman Dr Vijay Mallya and Dutch entrepreneur Michiel Mol look set to become the new owners of the Spyker Formula One team, which was bought from the Midland Group only a year ago by sportscar makers Spyker Cars.

Mallya - Chairman and CEO of Toyota sponsors Kingfisher Airlines - and Mol - Spyker’s Formula One Director - say they have had their offer accepted by the Spyker board, and that the deal is expected to go through within a month.

It follows last month’s announcement from Spyker that it was considering selling the team as part of an ongoing strategic review. If the takeover goes ahead, it means the former Jordan team could be renamed yet again, following recent incarnations as Midland and MF1.

"I have been dreaming about owning a Formula One team - I was looking at the right opportunity to show up at the right time," said Mallya, who is expected to become the team’s chairman and managing director.

Spyker have endured a difficult 2007 season and have yet to score a championship point with their Ferrari-powered F8-VII car. And while Mallya envisages a far brighter future for the team, he ruled out the possibility of any quick fixes.

"2008 will be the starting point for a gradual improvement,” he said. “No miracles are going to be produced."

Mallya, whose UB Group has beer, spirits and airline operations in India, also refused to be drawn on new team names or driver line-ups. Incumbents Adrian Sutil and Sakon Yamamoto remain unconfirmed for 2008 and Mallya’s involvement has heightened speculation of an Indian driver - such as Williams tester Narain Karthikeyan - winning a seat.

"As of today I won't be able to commit whether Spyker-Ferrari will continue to maintain the same name or not next season. What name the new team will race under is subject to approval of other teams and the F1 management.

"It would give me immense pleasure to see an Indian drive an Indian Formula One car, but we have to consult with the team principal and chief technical officer," he continued.

Karthikeyan raised the profile of Formula One racing in his home country when he became the first Indian to compete in a Grand Prix with Jordan in 2005. Now Mallya believes his purchasing Spyker could boost it still further.

“The deal is good for F1. It's good for India and for F1's management because (Indian) viewership is going to shoot up now," he added.
Teutone is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Mercedes-Benz Motorsports & Racing

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    Lease Takeover - 2007 ML500 krown For Sale/Wanted/Trade/Giveaway 6 08-14-2007 07:26 PM
    2004 E55 Lease takeover @ $597.85/mo. Taximan1 For Sale/Wanted/Trade/Giveaway 1 11-12-2006 11:02 AM
    2004 A6 2.7T "S-Line" Lease Takeover Opportunity MNM5ETR W211 E55 AMG, E63 AMG 0 09-07-2006 09:47 AM
    anyone interested in a '05 230k sedan lease takeover ajl210 W203 C-Class 0 02-08-2006 08:17 PM
    2000 REAR E55 TAILLAMP SET.......215.00 (set of 4) Guest (MBNZ) W210 E-Class 4 01-21-2001 11:04 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome