Formula One news

Shnaider wants rule rethink

Billionaire Alex Shnaider has pleaded with formula one's governing body to help small teams like his compete with carmakers. The Russian-born Jordan owner, who has renamed the uncompetitive team 'Midland' for 2006, said the current rules make it 'impossible' for a private squad to succeed.

"The rules must change," he said. "The resources the manufacturers have are much greater than a private team, no matter how rich the backers are." Shnaider, 36, told PA Sport: "It doesn't make any economic sense."

He renewed his denial that 'Midland' is now desperate to sell the formerly yellow-clad team, even though media speculation suggested that Shnaider had been reluctant to spend much money this year.

Team principal Colin Kolles explained that snapping up Eddie Jordan's beleaguered outfit at the last minute had hardly been the ideal preparation.

He told formula1.com: "We had to work with material that was outdated and stick with a name that was not ours. Now we aim to be better next season -- the odds are in our favour."

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