First Jordan essentially went belly-up, unable to afford the obscene costs of running a F1 team, even a backmarker in their final years.

Now the team that bought out Jordan, Midland MF1, is pulling a Black Knight on us: "It's just a flesh wound."

Rumors abound that Alex Schnaider, the Russian owner of Midland, is seriously balking at the amount of money his team is hemmoraging, and various team-members are about to follow sporting director Adrian Burgess out of the door at a dead run.

In true "Baghdad Bob" fashion ("There are no Americans in the city. None! Never mind the US flags flying around the capital, the Americans are nowhere near here!"), Midland released a statement to the press, saying in part that the team is NOT for sale ("except to the highest bidder."), they'll be upgrading their infrastructure ("ooh, shiny new wrenches!"), and that the media is all to blame anyway.

That's what they said.

My prediction? By 2008, they'll be gone... and Guido Minardi will be owning the team!

The Spectre of Zsolt (The Pond's version of the Grim Reaper) floats over the team even now...

Posted by: Wonderduck at 04:53 PM | No Comments | Add Comment
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