Archive for the ‘Spyker MF1 Racing’ Category

Spyker MF1 RacingAs reported on autosport.com

The Spyker F1 team have added Trust to their sponsor portfolio for the 2007 Formula One season. Trust returns to Formula One three years after its last F1 partnership with the Jordan team, later renamed Midland before Spyker took over. The Dutch brand, manufacturers of portable peripherals, entered Formula One with Jos Verstappen and the Minardi team in 2003. The company’s logo will appear on the 2007 cars and drivers.

“The comeback of Trust in F1 is a major victory for Spyker F1 Team. I am really proud that the Trust brand name will be on our racecars in the years to come.” said Michiel Mol, Spyker’s director of Formula One.

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Spyker MF1 Racing

For complete set, please visit F1Racing.net

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MF1Racing sold

Posted: September 7, 2006 by Neeraj in Formula-One, Michiel Moi, Monza, RaceTracks, Spyker, Spyker MF1 Racing, Teams

Spyker MF1 RacingAs reported on F1Racing.net

Midland F1 Racing has been bought by the M-consortium of Dutchman Michiel Mol, F1Racing.net can reveal. The deal will be confirmed by the team at the Italian Grand Prix this weekend. It will also be unveiled what the exact role of Spyker is in the new team.

It seems Monza is going to take the honors of many an interesting announcements this weekend !!

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Spyker MF1 RacingDuring race weekend at Turkey, the roumer-mills were working overtime on the possible Midland F1 sale. And as it turned out to be, the talks are going on ….

“The outcome of the negotiations is still depending on a number of conditions and circumstances,” the statement says. “In the event that such acquisition would materialize, Spyker will consider a share issue to (partially) finance the transaction. M-Consortium has expressed its willingness to subscribe to this issue for a large part. At the appropriate time further announcements will be made.”

Statement issued by Spyker Cars NV and the M-Consortium headed by Michiel Mol.

A little history lesson. Spyker dates back to 1880 when Jacobus and Hendrik-Jan Spijker set up a coach-building business. They built their first cars in 1898 and were involved in competition from an early stage. Spyker was revived again in 1999 by businessman Victor Muller, who had made money in shipping and fashion, set up a new Spyker with engineer Maarten de Bruijn. In November 2005 Abu Dhabi’s Mubadala Development Company acquired 17% of the firm and since then Spyker has expanded its range of models and its involvement in sport with the factory team, known as the Spyker Squadron entering two Spyker C8 Spyders in a programme of 10 endurance races.

Mubadala is a company that is interested in F1. Last year it bought a 5% shareholding in the Ferrari company and is in the process of building a Ferrari-themed leisure park in Abu Dhabi.

Courtsey grandprix.com

So if they indeed buy out Midland F1, we all can see who the engine supplier is going to be !!!

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Spyker MF1 RacingAs reported on crash.net

Midland MF1 chief race and test engineer, Dominic Harlow has revealed that the Silverstone-based squad will introduce some ‘important’ aerodynamic updates at the Turkish GP this coming weekend.

“During the longer break between races, we have been able to produce some further important aerodynamic updates for the M16, and with help from our partners at Toyota and Bridgestone, we are looking forward to making further progress with the qualifying and race pace of our package,” said Harlow.

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MF1 sold to Dutch consortium ?

Posted: August 22, 2006 by Neeraj in Formula-One, Spyker MF1 Racing, Teams

Spyker MF1 RacingAs reported on updatesports.com

‘Formule 1 Race Report’ is claiming that an announcement could be made this weekend, as the grand prix circus reconvenes in Turkey after a three week break.

The report explained that the final stumbling-block is new negotiations over price, with current team sponsor Michiel Mol – of the ‘Lost Boys’ company – concerned that his original offer of an estimated $120m was too high. His new offer is reportedly around the $100m mark.

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DollarsAs reported on Wheels24

Business F1 magazine contends that the Woking-based outfit [McLaren-Mercedes], spending a reputed $400m a year, pips the Japanese carmaker [Toyota], at $393m to the dubious post.

Interestingly, though, Phillip Morris’ sponsorship of Ferrari, at $97m a year, amounts to more than the annual budget of any of the final three teams.

The spending per team is as follows:

  • McLaren Mercedes: $400M
  • Toyota: $393M
  • Honda : $382M
  • BMW Sauber: $378M
  • Ferrari: $329M
  • Renault: $300M
  • Red Bull Racing: $201M
  • Williams: $134
  • Super Aguri: $95M
  • Midland F1: $76M
  • Scuderia Toro Rosso: $66M

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