Spyker pawns its brand name for loan

[ArrowsFA1]

Now when I first glanced at this headline in Autosport I did wonder what connection there was between ioan and Spyker, and that it was very generous of the team to help him out :eek: :p :

http://www.autosport.com/news/report.php/id/59079

But it seems a little more serious than that :dozey:

[ioan]

They tried to punch to high with their F1 involvement, when they didn't even have a good economical stability for their road cars company. /:

You're in good mood Arrows! :)

[seppefan]

Looks to me as if young Todt and his Arab backers will buy the team.

[seppefan]

bi bi Albers ( no loss ) hello Bourdais teamed with Sutil. Now that would be exciting although Bourdais will be screwed if he does not have a get out clause as the team will only be moving forward after a number of years ( and without the Ferrari engine ) when Seb will be wearing much thicker glasses and he does not have the time for that.

[Dave B]

What next? Their F1 cars in the window of Cash Converters? :eek:

[Valve Bounce]

Apart from anything else, they now don't have a car to compete against as everybody (near the back of the grid) have moved up one notch in competitiveness. They even make Torro Rosso look good.

[trumperZ06]

:dozey: Hhmmm... not surprising. Preminium Exotic Car manufacturing is an extremely competitive market.

Owning & running a Formula 1 team without deep pockets often leads to bankruptcy.

Spyker isn't the first company that attempted to build brand recognition by entering Formula 1... nor the first to fail.

I hope they can recover...