Plans to revive the Dutch sports car company Spyker have been thrown into disarray as the firm's CEO has filed for bankrupcy, according to reports.
First revealed by Dutch publication RTL News, the bankruptcy of Spyker NV has been confirmed by CEO and entrepreneur Victor Muller, with subsidiaries Spyker Events and Spyker Services having gone bankrupt in the weeks prior.
Speaking to RTL News, Muller said the promised investment of tens of millions from Russian investors didn't materialise. He also confirmed that, as a result, the company is out of money and all business activities will be halted.
“I had hoped to be able to avert this,” said Muller. “It's the very last thing I wanted. But curator [Willem Jan van Andel of Spyker Events] has no more patience. I can imagine that.”
Muller also described Spyker as an “empty shell” but said he wouldn't let the bankruptcy put him off seeking investment. He optimistically described the chances of doing this as “very high”.
Spyker had last year confirmed plans to expand its product line with two supercars and an SUV after the new investors were confirmed.
Russian oligarch and SMP Racing owner Boris Rotenberg and his business partner, Michail Pessis, said they would be taking Spyker into a collaboration with other firms they own, including motorsport firm BR Engineering and design-and-marketing company Milan Morady. Both have also previously owned some of the 265 Spyker cars produced to date.
Spyker has endured a turbulent two decades since its foundation in 1999. Years of financial difficulties were exacerbated when it purchased Saab from General Motors in 2010 and the company promptly went bust, forcing Spyker into bankruptcy for the first time.