MF1 RACING: ALIVE AND WELL, THANKS VERY MUCH
In view of recent media speculation regarding the future
of the team, MF1 Racing wishes to issue the following statement.
Over the past week, there have been a number of speculative
rumours published in the media, none of which has any basis
in fact. MF1's general policy is not to respond to such unfounded
rumours, but rather to concentrate on the job at hand. However,
in this case we would like to make an exception, in order
to re-assure the stakeholders in our team and to clarify the
situation for the media. Beyond this, we have no further comment
to make on this matter.
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.
Midland Group, our parent organisation, has confirmed that
the team is not for sale and there are no proposals that this
should change. As expected, various approaches have been made,
especially in view of the large number of entries for the
2008 championship. Without exception, these have been rejected.
Midland Group has also approved significant further investment
in team infrastructure. We are therefore also pleased to announce
that the project to upgrade our wind tunnel facility will
begin very shortly. This will entail an increase in scale
to 50%.
The staff at the tunnel has been producing amazing results
in recent weeks and the progress they have made has contributed
greatly to our ability to push ahead. Everyone at MF1 is passionate
about racing and we all want our cars to be faster and more
stable at speed. We believe that the key to this - both today
and in the future - is aerodynamics, and hence the priority
given to the wind tunnel upgrade. When the modifications are
complete, our Brackley facility will be "state of the
art".
The personnel changes of the past week reflect the faith
and appreciation we have in the skill and dedication of our
remaining people. We do not know the source(s) of the current
spate of negative rumours, but unfortunately it is often the
case that false speculation appears in the media around the
time that such changes are made. We wish it to be known that
these changes occurred precisely because of the team's faith
in the capabilities and loyalty of our people, throughout
the team and at our facilities. Since the acquisition of Jordan,
some 15 months ago, the new owners have been impressed by
the racing tradition embodied by the staff.
Colin Kolles, Managing Director: "Personally, I would
like to thank our staff, sponsors, partners and suppliers
for their patience and understanding in recent weeks. In light
of these positive developments, I am more determined than
ever to drive us forward, toward the sharp end of the grid.
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."
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