Jordan has joined Red Bull Racing and Ferrari in signing up to compete in F1 from 2008 to 2012,  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,” stated 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.”