same name see the midland group . the midland group is an international trading and investment holding company registered in guernsey under the name midland resources holding ltd the group owns a number of subsidiaries across the agriculture manufacturing real estate shipping and steel industries . primarily active in the commonwealth of independent states as well as eastern europe and the far east the midland group of companies has a presence in 34 countries worldwide . the group s co founders are billionaires alexander shnaider chairman a russian born canadian national and ukrainian born eduard shifrin . formula one edit in october 2004 the midland group announced its intention to enter formula one motor racing in 2006 with plans to use a car built by the italian manufacturer dallara in january 2005 the group changed plans by purchasing the jordan grand prix team . 1 they kept the yellow liveried ej15 cars and declared 2005 to be a year of learning . under the name midland f1 racing the team made its debut with a brand new car and livery at the start of the 2006 formula one season . with this team shnaider declared his intention to bring the first russian driver into the sport 2 a feat not achieved until vitaly petrov s entrance into f1 with renault 3 three years after schnaider sold the team . on 9 september 2006 the team was sold to spyker cars for 106.6 million . 4 from the beginning of the 2008 season the team became known as force india and is still active . 5 references edit lostia michele 14 june 2005 . dallara won t build midland s car . autosport . retrieved 18 april 2014 . russian born canadian buys f1 team . the moscow times . 25 january 2005 . retrieved 18 april 2014 . vitaly petrov joins renault to become first russian formula one driver . the guardian . 31 january 2010 . retrieved 18 april 2014 . midland f1 team sold to spyker . the times of malta . 11 september 2006 . retrieved 18 april 2014 . spyker change name to force india . bbc sport . 24 october 2007 . retrieved 18 april 2014 . external links edit the midland group website profile of alex shnaider midlandia photo of midlandia megayacht at the monaco gp this article about the bailiwick of guernsey is a stub . you can help wikipedia by expanding it . v t e this european corporation or company article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title midland group & oldid 622216523 categories conglomerate companiesguernsey stubseuropean company stubshidden categories all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschbahasa indonesiaitalianosuomi edit links this page was last modified on 21 august 2014 at 16 28 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view