conceptcarz.com

Midland Racing History

Over the course of its 15-year history in Formula One, Jordan Grand Prix, founded by Eddie Jordan in 1991, achieved four wins, the most memorable of which was the perfect 1-2 result at Spa-Francorchamps earned by Damon Hill and Ralf Schumacher in 1998. A further 19 podiums, the last one climbed by Tiago Monteiro at the 2005 US Grand Prix, and six front row qualifying positions all contribute to the team's tradition of success in F1. Jordan was acquired in January 2005 by Midland Group, a privately-owned trading and investment- holding organisation co-founded by Russian-born Canadian businessman Alex Shnaider. Midland had initially planned to build its own team from the ground up and launch it for the 2006 season, but this strategy was accelerated by the opportunity to purchase the Jordan team and its infrastructure. As a result, 2005 represented a final transition season for Jordan Grand Prix before it was renamed Midland F1 Racing Limited. The company announced the official registration of its Formula One team - MF1 Racing - into the 2006 FIA Formula One World Championship on November 15th, 2005. Under the supervision of Managing Director Colin Kolles and Sporting Director Adrian Burgess, MF1 Racing will compete with a Russian license, becoming the first team to race under the Russian flag in the world's most prestigious motorsport series.Source: Midland F1 Racing