Midland F1 have announced that they plan to contend the 2006 season with Dallara.

Co-founder of the Group, Alex Shnaider  "We understand that basic survival in Formula One requires a budget of around 100 million (US Dollars) per annum and we are prepared for that"

"I am surprised that no one has realised that having a Formula One team is like getting an NBA or NHL franchise for free, as it is one of the world's most popular sports."

"Everybody wants to win. Midland F1 will be no exception to that but first we have to do our homework. We have to put a team together - the right people, a competitive car. Then we can start thinking about winning. But I can assure you winning will be on our agenda."