Midland F1 considers Jag buy-out

The man behind the new Midland Forula 1 project, Alex Shnaider, has admitted to Autosport in this week's magazine that he is considering buying the Jaguar team and Cosworth Racing

Midland F1 considers Jag buy-out

The Russian-born billionaire said he would buy both the team and its affiliated engine builder "at the right price".

"I would buy Cosworth in conjunction with Jaguar," said Shnaider. "Our number-one choice is to build a team from scratch, but if there's an interesting situation that could arise within Jaguar and Cosworth we would consider buying it."

Shnaider has contracted Dallara to build the chassis and Carlin Motorsport to run his Midland team, with a view entering the sport in 2006, but as yet has no confirmed engine supply for the programme.

"We are considering a number of possibilities which we will pursue after the Brazilian GP when the teams are a little more relaxed and we are able to make an engine deal," he said. "Cosworth was a possibility before Ford pulled out and it still is a possibility if the ownership situation is clarified."

Midland F1 is one of four potential bidders for Jaguar Racing, which has been put up for sale by parent company Ford, which wants the team to remain active in F1 next year. Drinks company Red Bull is known to be another in negotiations with the Blue Oval to buy just the race team.

"Why would anyone buying the team not want to take part in the 2005 championship?" a Jaguar Racing source said. "We are only interested in selling to someone who will pick the team up and run it next season."

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