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Spyker team not in jeopardy says Kolles 16 Aug 2007

Sakon Yamamoto (JPN) Spyker F8-VII.
Formula One World Championship, Rd 11, Hungarian Grand Prix, Qualifying Day, Budapest, Hungary, Saturday, 4 August 2007 Colin Kolles (GER) Spyker Team Principal.
Formula One World Championship, Rd 11, Hungarian Grand Prix, Practice Day, Budapest, Hungary, Friday, 3 August 2007

Spyker team principal Colin Kolles has insisted the team is not in danger of closing. It follows Wednesday’s admission by parent company Spyker Cars that it may sell off all or part of the team as part of a refinancing operation.

“Spyker F1 Team Ltd is completely confident that it has the necessary budget to race in the FIA Formula One World Championship this season,” said Kolles. “There is no doubt that we will be racing with our current driver line-up of Adrian Sutil and Sakon Yamamoto in the Turkish Grand Prix and beyond.

“The recent press statement issued by Spyker Cars N.V should not be taken as an indication that the team is in jeopardy of immediate closure. As part of its own strategic review and refinancing strategy Spyker Cars N.V is considering the (partial) sale of the Spyker Formula One Team. This is however but one possibility.

“Should Spyker Cars N.V. ultimately decide to sell, its management will strive for the final decision to be in the best interests of the team, its employees and partners and that we have the means to achieve our goals that have been set in motion this season.”

Spyker’s Formula One director, Michiel Mol has temporarily stepped down from the position as he considers making a bid to buy the team.