A Cosworth Spyker?

UPDATE #2 Some background history on Spyker, and why buying the Midland team has more merit than initially thought.

08/28/06 (GMM) Dutch car maker Spyker has confirmed paddock speculation that it is involved in the possible takeover of formula one team Midland.

In a statement published by BNR Nieuwsradio', Spyker Cars and current MF1 sponsor Michiel Mol said the proposed purchase of Silverstone-based MF1 is 'still depending on a number of conditions'.

It is rumored that the Lost Boys-Spyker buyout would be in the region of $100m.

''In the event that such acquisition would materialize, Spyker will consider a share issue to partially finance the transaction,'' the statement read.

Spyker Cars, launched in 2000, builds exclusive sports cars including the 450hp 'C8'.

08/26/06 If Silverstone-based Midland is bought and taken over by sponsor Lost Boys, and if it switches to Cosworth power as is rumored, the team's future engine supplier could be re-branded for 2007 as 'Spyker', a Dutch car maker.