Midland Group

The Midland Group is an international trading and investment holding. In Guernsey they are registered under the name AG Midland Resources Holding, where they have the group a number of subsidiaries in the entire agriculture, manufacturing, real estate, shipping and steel industries. Mainly in the Commonwealth of Independent States and Eastern Europe and the Far East, the Midland Group has a presence in 34 countries worldwide. The group is owned by the billionaire Alexander Shnaider, which is chaired by, and Eduard Shifrin.

In October 2004, the Midland Group announced that you would go to Formula 1 2006. They planned to use a car from the Italian automobile manufacturer Dallara. In January 2005, they changed their plans through the purchase of Jordan Grand Prix. After they had acquired Jordan, she publicly declared that 2005 was considered a year of training. Under the name of Midland F1 Racing team with a new car was at the beginning of the 2006 season debut. With the team, explained Shnaider, whether it is the intention to bring the first Russian driver in Formula 1, but this did not succeed. Even otherwise remained from the expected results. Already on September 9, 2006, the team was sold to Spyker for 106.6 million U.S. dollars.

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