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Dutch sportscar makers Spyker say they have reached an initial agreement to sell their Formula One team to the consortium led by Indian businessman Vijay Mallya. The deal should now be completed by the end of the month, subject to shareholder approval. Mallya's consortium, which also includes Michiel Mol, Spyker's Director of Formula One, is expected to pay ?88 million...
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Dutch sportscar makers Spyker say they have reached an initial agreement to sell their Formula One team to the consortium led by Indian businessman Vijay Mallya. The deal should now be completed by the end of the month, subject to shareholder approval. Mallya's consortium, which also includes Michiel Mol, Spyker's Director of Formula One, is expected to pay ?88 million...
More...