20/07/2005
NEWS STORY
Midland F1, owner of Jordan Grand Prix, today confirmed that it has signed to compete in the 2008 to 2012 Formula One World Championship regulated by a revised Concorde Agreement.
"Bernie Ecclestone was instrumental in bringing Midland to Formula One and from the very beginning Alex Shnaider was supportive of his vision for the future of Formula One and the World Championship." Said Colin Kolles, Managing director Midland F1. "We are happy and proud to be in at the beginning of this process which will shape Formula One’s long term future."
The announcement comes just days after Red Bull revealed that it too will join Ferrari in signing the new Concorde Agreement.