Formula One news

Team owner to test F1 car?

F1's newest team owner may test his own grand prix car later in 2005. Alex Shnaider, the Russian-born steel magnate whose 'Midland'-run team will launch the new Jordan in Moscow on Friday, said he'd love to sample the 900bhp car's power. "Maybe at a testing session," he told Reuters in Russia.

In the interview, Shnaider promised at least $100 million per-year for the venture, but said the longer term goal was to attract sponsorship.

Tobacco giant Gallaher, meanwhile, is expected to stay on the yellow livery in 2005, but, instead of with B&H, through eastern label Sobranie. "F1 is not like soccer," Alex said, playing down a comparison with Chelsea FC tycoon and countryman, Roman Abramovich.

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