JULY 4, 2007
Troubles at Spyker Cars
While F1 is fixated on the problems between Ferrari and McLaren, there is action going on at Spyker as well with reports in Holland that the larger shareholders in Spyker want to de-list the company from the Euronext stock exchange in order to restructure. The story appeared in the De Pers newspaper, which is owned by Marcel Boekhoorn, a Spyker shareholder.
Spyker's share price has suffered in recent months with the departure of chairman Victor Muller and rumours of financial trouble. According to the reports, the car business is dragging down the whole company and the management is considering selling off that side of the operation and then going ahead with only the race teams. There has even been talk of floating the race team on the stock exchange.
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