Spyker F1

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. At the end of the 2007 season the team was sold and renamed Force India F1.

Background

Although created in 2006, the team's roots can be traced back to the year , when it was founded as Jordan Grand Prix. The Silverstone-based squad and facilities were bought by the Midland group in 2005 and re-named Midland F1 in 2006, before being sold to Spyker Cars towards the end of the 2006 season.

The Buyout of Midland F1

Rumours had been floating about in the paddock throughout the mid-season about the possible sale of the team, less than two years after Alex Shnaider originally bought it from Eddie Jordan. Reports suggested a price tag of $128m, and that Shnaider was seriously considering the possibility of the sale. Formula One teams had become more valuable, because no more teams could enter after 2008, with the maximum of 12 places already filled.

On 9 September 2006, it was revealed that the team was sold to Spyker Cars, a Dutch manufacturer of...
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