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Spyker sale to Mallya consortium now complete

Adrian Sutil - Spyker F8-VIIB - Race - 2007 Japanese Grand Prix at Fuji Speedway

Oct.5 (GMM) The sale of the Dutch formula one team Spyker is now definitively complete.

More than four weeks ago, a consortium led by Indian billionaire Vijay Mallya and Dutch businessman Michiel Mol made a bid for the Silverstone based team, that was accepted by the financially embattled sports car maker after an increase of the price to 88m euros.

Spyker, which bought the team from Midland only thirteen months ago for (US) $106.6m (now 75.6m euros), said on Friday that the sale is final.

"After signing of the official documentation, management of the Spyker formula one team has been handed over to the new owners: Orange India Holdings," the Dutch company confirmed in a statement.

Team:

Spyker


	Friday 9 January 2009

06:28	De la Rosa says he 'deserved' race seat
06:28	KERS-snub by some F1 teams possible - report
06:28	STR sets no driver decision deadline
06:28	De la Rosa hails new Spanish test track
06:28	Council says yes to Donington GP upgrade
06:28	Teams agree to more cost-cutting measures
06:27	Nick Fry in frame for Honda buyout


	Thursday 8 January 2009

22:50	New British GP home gets 100-million-pound refit
20:50	F1 teams back cost cuts
13:38	F1's Finnish champs enter rally
13:38	Villeneuve in talks for Supercar seat
13:38	FOTA meets at Heathrow hotel
05:02	Portimao to host first major test of 2009
05:02	Mosley letter reveals push for more cost cuts