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2007 Spyker Sells rights to its name in order to refinance

 
   
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2007 Spyker Sells rights to its name in order to refinance

Source: Spyker
Zeewolde, Netherlands
portfolio | web site
Posted: 24 May 2007


In a move to secure 12 million euros in refinancing, Spyker sold its intellectual rights, including its company name, to the Friesland Bank. The company says that this will in no way effect its operations and plans to complete its refinancing plans by the end of the third quarter of 2007.

-BC


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From Wikipedia

Spyker F1 Team was a Formula One team that competed in the 2007 Formula One World Championship, and was created by Spyker Cars after their buyout of the short-lived Midland F1 team. The change to the Spyker name was accompanied by a switch in racing livery from the red and white previously used by Midland, to an orange and silver scheme—already seen on the Spyker Spyder GT2-R—orange being the national colour and the auto racing colour of the Netherlands.






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