F1 News
- April 14, 2006
MF1 slams back
Midland F1 has slammed back at the rumours about them being for sale saying that Colin Kolles will stay in charge,and they have the money to fund development to close the performance gap.
A statement from the team went as follows,
"Over the past week there have been a number of speculative rumours published in the media, none of which has any basis in fact," the Russian-licensed team said in a statement "to re-assure stakeholders".
"MF1 has adequate budget to take an active and competitive part in the championship this season and we are working hard to close the gap between ourselves and our competitors," the statement added.
"Midland Group, our parent organisation, has confirmed that the team is not for sale and there are no proposals that this should change."
Colin Kolles added "To my detractors and those speculating about my 'imminent departure', I regret to say that I have been and remain too busy focusing on the interests of the team to consider any alternatives to my current position."
So good news then for the Silverstone based team, we wish them luck.
