AUGUST 21, 2006
Watch out for Midland F1 sale
Our spies tell us that the sale of Midland F1 to a Dutch consortium could go ahead this week - with the new owners possibly even being in control by the Turkish Grand Prix. An offer has been on the table for some months and all the necessary due diligence was done a while ago and since then it has simply been a question of convincing team owner Alex Shnaider that he can live without being an F1 team owner.
It remains to be seen if the sale will go ahead this time and whether that will have any major effects on the team management, the obvious question mark being over the future of chief executive Colin Kolles.
Watch this space.
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