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F1racing.net:The Midland F1 team has been sold to the Dutch-Arab consortium led by Michiel Mol. The deal was concluded in the early hours of the morning on Saturday and is believed to be worth around $90m, rather less than the rumours that have been circulating for weeks. The team is likely to be called Spyker and will probably use customer Ferrari V8 engines, although the details of the deal are not yet clear. We hear that this may be related to a deal for production car engines for the new Spyker 4x4.
An announcement is expected later this morning.
Midland F1 Racing has been bought by the M-consortium of Dutchman Michiel Mol, F1Racing.net can reveal. The deal will most likely 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.
Michiel Mol and Midland had been negotiating for months after several setbacks before reaching an agreement just recently. What the team will look like exactly, is still unknown.
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The Spyker MF1 team will be announced at 7pm European time when the Dutch consortium will give details of the sale of the team by Alex Shnaider. The name Spyker MF1 has been chosen because of the stipulations in the Concorde Agreement which mean that teams cannot change their names more than once every five years unless there is an agreement of all the other signatories.
The interest now is over the engine supply and our spies are telling us that Spyker will get Ferrari V8s as part of a bigger deal involving the supply of Ferrari engines for the planned Spyker D12 Peking-to-Paris, a four-wheel drive, four-door, four-seater luxury Super Sports Utility Vehicle, which is due to go into production at the end of 2007. The new car is due to use 500hp Audi W12 engines but we believe that a deal has been struck to use Ferrari engines instead (or perhaps in addition to) the original plan.
We expect to hear more details within a hour or two.
grandprix.com
Guess we'll be speculating for months. I wouldn't be surprised if they'd just hire Monteiro for another year. He looks like he's a real team player.
Spyker's new 4x4 car will then have a TOIT engine supply.
Maybe that's the link that WANTS it like THAT !