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Topic: Alex Shnaider


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In the News (Sun 29 Nov 09)

  
  F1 News - Grandprix.com
Shnaider's acquisition of Jordan has been one of the mysteries of the 2005 season and the team has made little progress and there has been no obvious investment for the future.
Shnaider says that he is not actively looking for a buyer but has had an approach from a Russian sponsor to acquire shares in the team.
Shnaider says that he is investing his own money in the team "on a scale that a board would have ousted me if Midland were a public company" and added that he is willing to go on investing "approximately the amount we will have invested by the end of this year".
www.grandprix.com /ns/ns15455.html   (429 words)

  
 Alex Shnaider - Definition, explanation
Alex Shnaider is a Russian-born Canadian businessman who bought Jordan Grand Prix from Eddie Jordan and will rename it Midland F1 for the 2006 Formula One season.
Shnaider was originally going to start the team from scratch, however he purchased Jordan Grand Prix to guarantee his entry into the F1 world championship without having to pay the bond that otherwise would have been necessary.
For the 2005 Formula One season season very little development work is likely to be done on the cars, however for the 2006 season a technical liasion with Dallara is likely to improve the technical quality of the cars.
www.calsky.com /lexikon/en/txt/a/al/alex_shnaider.php   (161 words)

  
 Tata Group | Media releases | Brand ambassadors | 2005 FIA Formula One championship review
The acquisition of Jordan Grand Prix in January by Alex Shnaider, Chairman of the Midland Group, meant that the 2005 FIA Formula One World Championship was going to be a transition year for the team before it is renamed Midland in 2006.
The car had been slow the whole weekend and rumours were circulating that Alex Shnaider was going to sell the team.
Alex Shnaider had no intention of selling Jordan and, despite the uncertainties, the team emerged stronger and more
www.tata.com /0_about_us/brand_ambassadors/releases/20051027.htm   (674 words)

  
 Jordan owner driven by Russian roots
Shnaider said Midland were close to signing a Russian test driver, with 23-year-old Roman Rusinov mentioned in the past, and was also planning to bring young Russians through the ranks by having a Formula Three team in the Euro Series.
Shnaider said the Toyota-powered team's focus for 2005 is simply to finish after rushing to be ready in time.
Shnaider said it is a combination of a love for the sport and the commercial potential of Formula One that prompted him to enter the business.
www.rediff.com /sports/2005/feb/24jordan.htm   (647 words)

  
 Canadian Jewish News   (Site not responding. Last check: )
Alex Shnaider spent the first four years of his life in St. Petersburg at at time when prospects for an ambitious and talented Russian lad were, let us say, limited.
One is local, given to Shnaider by the Jewish Russian Community Centre (JRCC) in recognition of his contribution to the financial well-being of the 40,000-strong community.
Shnaider was a reluctant immigrant to Canada, and “for the first little while, I didn’t like it… Over time, I got used to it.
www.cjnews.com /viewarticle.asp?id=6787   (1130 words)

  
 Globeinvestor.com: Russian émigré drives off with F1 team
Alex Shnaider may not be a household name in Canada, but the Toronto businessman has just bought a Formula One racing team, giving him entry into one of the world's most high-profile and expensive sports.
Shnaider, 36, said yesterday that his company, Midland Group, is buying the Jordan team and plans to change the name to Midland F1 next season.
Shnaider said he plans to use the F1 team to promote the Midland Group, which he jointly owns with a British partner.
www.globeinvestor.com /servlet/ArticleNews/print/GAM/20050125/AUTOSHNAIDER25   (799 words)

  
 HLN.be: formule_1 - Miljardair Alex Shnaider, eerste Russische Formule 1-tycoon (171467)
Nadat Alex Shnaider anderhalf jaar geleden de inboedel van Eddie Jordan opkocht, begint nu het grote avontuur.
,,Er is zeker genoeg racetalent in Rusland,’’ denkt Shnaider.
Shnaider beseft dat er in zijn geboorteland sportief en financieel grote kansen liggen voor zijn team én de Formule 1.
www.hln.be /hln/alg/pag/hln_index.jsp?p_page=f1-teams&p_cat=midland&p_scherm=1&p_artid=171467&wt.bron=hlnRPBackgrounds   (581 words)

  
 Alex Shnaider Appointed Chairman of Royal Laser Corp.
Shnaider is the Co-Founder and Chairman of the Midland Group of Companies (www.midland.gg), one of the world's leading industrial conglomerates with interests in a broad range of industries including: steel production and trading, real estate and shipping.
Shnaider's approach to business has brought resounding success in a number of ways to his multi-national enterprise.
Shnaider $3,619,000, on a limited recourse basis, to purchase 2,350,000 common shares of Royal Laser from treasury at a price of $1.54 per share, on a private placement basis and has issued to Mr.
www.ccnmatthews.com /news/releases/show.jsp?action=showRelease&searchText=false&showText=all&actionFor=588744   (574 words)

  
 THE INVISIBLE MAN BUT FOR THE CAR, IT MIGHT BE @ workopolis.com   (Site not responding. Last check: )
Shnaider, however, has stepped decisively from the shadows with two bold, high-profile moves in the past year--a majority stake in Toronto's controversial 70-storey Trump Tower, a combination five-star hotel and luxury condo development that aims to be the tallest residential building in Canada; and the $50-million purchase of Eddie Jordan's struggling Formula One motor-racing franchise.
Shnaider says the partnership ended amicably, although Fruchter says it effectively died when Shnaider announced one day that their 50/50 arrangement was no longer sufficient: Shnaider felt he was contributing more to the business and, thus, wanted a more favourable equation.
Shnaider has used Zaporozhstal's profits (in 2004, it earned $129 million on $1.3 billion in sales) to leverage a string of Ukrainian acquisitions: a pipe mill, a coking plant, two factories and 35% of an iron-ore mine.
globecareers.workopolis.com /servlet/Content/qprinter/20050527/R06INVISIBLE   (7302 words)

  
 Scotsman.com Sport - Motorsport - Formula One - Shnaider on track early   (Site not responding. Last check: )
ALEX SHNAIDER insists his plans for a Midland Formula One team are now firmly on track after he agreed to buy Jordan yesterday.
Shnaider, who fronts the Russian-backed Midland Group, had planned to enter a new team into the world championship in 2006 but now finds himself in the Formula One paddock a season early.
Shnaider said: "I am very pleased with this development as it will give us a season of learning, and after the takeover has been completed, the chance to be competitive faster at the pinnacle of motorsport.
sport.scotsman.com /motorsport_formula1.cfm?id=93212005   (221 words)

  
 pitpass - the latest, hottest F1 & A1GP news
Midland F1 owner Alex Shnaider is considering selling the team following a "substantial offer" from a Dutch consortium, led by Lost Boys founder Michiel Mol.
Alex is sorry he received such a strong offer in the first place," Fine revealed.
However, Shnaider admitted that some of the blame for the speculation lay at his own door, for it was shortly after purchasing Midland in 2005 that he said that should the right offer come along he would be willing to sell the team.
www.pitpass.com /fes_php/pitpass_news_item.php?fes_art_id=28225   (468 words)

  
 F1: Alex Shnaider's Great Leap Forward - Supercars.net
As the experts eagerly awaited the team's collapse, Shnaider busily negotiated a series of shrewd deals to bolster his position in the paddock.
In joining the Concorde group, Shnaider instantly stood with the sport's oldest and most revered name -- Ferrari -- and its newest force to be reckoned with -- Red Bull billionaire Dietrich Mateschitz, who owns two F1 teams, Red Bull Racing and Squadro Toro Rosso (formerly Minardi).
Shnaider signed retired F1 driver Johnny Herbert last July to act as the public face of the team, which helped quell some of the ferocity of the British press.
www.supercars.net /PitLane?viewThread=y&gID=1&fID=3&tID=75102   (824 words)

  
 globeandmail.com: Shnaider: 'Despite the constant rumours, I have not sold the team'
Alex Shnaider is no longer willing to back down while rumours about his Midland F1 team go uncontested.
While Shnaider promised the team a budget of $100-million annually, it is a modest amount in a sport where top teams shell out five times as much to go racing.
But Shnaider also made it clear that he doesn't enjoy spending his own cash to keep the team going and he wants it financially independent as quickly as possible.
www.globeauto.com /servlet/story/RTGAM.20060420.wwh-shnaider20/BNStory   (884 words)

  
 Russian Given Midland Role - TotalF1.com Forums
Midland F1/Jordan boss Alex Shnaider is to recruit Russian sportscar racer Roman Rusinov to carry out testing and development work on the team’s 2006 car.
Shnaider, a Russian-born Canadian entrepreneur, had originally intended to join Formula 1 in ’06 with a brand new team before deciding that it would be more economic to buy Jordan and bring forward the planned entry date by a year.
Shnaider went on to elaborate some of the objectives of Midland’s F1 involvement, as well as the benefits he believes the organisation can offer potential sponsors.
www.totalf1.com /forums/index.php?act=findpost&pid=23535   (721 words)

  
 Alex Shnaider hits back at the media || Spyker F1 - Unofficial Spyker F1 news and views
While Shnaider promised the team a budget of $100-million annually, it is a modest amount in a sport where top teams shell out five times as much to go racing.
But Shnaider also made it clear that he doesn't enjoy spending his own cash to keep the team going and he wants it financially independent as quickly as possible.
Unfortunately for Shnaider, his willingness to discuss the team and its future may have been the starting point for much of the negative talk about the team.
www2.f1network.net /main/s495/st94954.htm?fromrss=1   (0 words)

  
 Formula 1 complete - all in F1 - Midland's Alex Shnaider.could save Spyker
A possible savour of the Spyker team has a familiar ring to it -- Midland's Alex Shnaider.
Shnaider told F1's official website on Friday that he expects the current Dutch management to pay its bills.
Shnaider said: "We have rescued the team in the past and we are capable of doing it again, if necessary."
www.f1complete.com /content/view/5762/617   (256 words)

  
 Alex Shnaider looks poised to sell
Eighteen months ago, Alex Shnaider had the hearts of Canadian racing fans fluttering with excitement and anticipation over the idea of a "Canadian" team in Formula One.
Shnaider, a Russian-born Canadian citizen/billionaire based in Toronto and 36 years old at the time, had bought the cash-strapped Jordan F-1 team, which after the 2005 season would become Midland F-1 -- named after the Midland Group, the privately held, multi-billion-dollar, steel, shipping and land development company that Shnaider heads.
For Shnaider, a huge Toronto Maple Leafs fan, it was his way of letting Canadians know how he felt about the absence of hockey last year because of the NHL lockout.
autos.canada.com /motorsport/formulaone/story.html?id=1bf5ef05-9825-4d24-924a-183b5b197418&p=1   (618 words)

  
 Alex Shnaider — The Steel Magnate | After Hours | Gotta Do It | Canadian Business Online
Alex Shnaider cruises around in a Mercedes-Benz SLR McLaren, lounges on a 170-foot Benetti yacht and lives in a North York, Ont., mansion.
In the early '90s, Shnaider worked as a commodities trader, buying steel from eastern European factories — using everything from coal to microwaves as currency — and selling it to other traders.
Another of his shrewd moves, Shnaider says, was participating in the industrial privatization in eastern Europe.
www.canadianbusiness.com /after_hours/lifestyle_activities/article.jsp?content=20051205_72869_72869   (561 words)

  
 Alex Shnaider - Repo Man ? | Racing Views
Alex Shnaider sold the Midland Formula One Team to Spyker a year ago, but rumor is that he may play the part of the Repo Man and take it back, but only if he has to.
He has said he is prepared to buy the team back to solve it’s financial problems, and as a secured creditor who is owed money it could be his best way of securing his debt.
Shnaider feel that the team should bring in a financial partner to help secure the team’s financial situation in the short term, claiming that he might even be prepared to take on that responsibility himself.
www.racingviews.com /formula-one/alex-shnaider-repo-man   (536 words)

  
 Man of Steel - Forbes.com
Alex Shnaider became a billionaire in the dimly lit steel mills of eastern Europe.
Alexander Shnaider was relaxing on a recent winter morning with his wife and three young daughters on his 170-foot Benetti yacht in a Miami harbor.
One of Shnaider's favorite customers was the Zaporizhstal plant in eastern Ukraine, built in the 1930s.
www.forbes.com /free_forbes/2005/0328/132.html?bill05   (0 words)

  
 Alex Shnaider hits back at the media || Spyker MF1 - Unofficial Spyker MF1 News and Views
Kolles should shut his mouth and alex should realise that he is not a great persona in the media, so he should come forward to give the news about his team probably through his PR rather than Mr.
As for Alex being on the grid at every race and talking to Martin Brundle and any other reporter willing to listen, I agree that that may not be his style, but I thought that Herbert was hired for that role.
No doubt Alex Shnaider will have a suitable explanation about the visit, but it would not be a surprise if irresponsible members of the F1 media concluded that the Spanish nobleman was not there for a cup of tea.
www.sportnetwork.net /main/s495/st94954.htm?fromrss=1   (3217 words)

  
 SimRacing MZ > Midland boss close to purchasing Jordan
Eddie Jordan has denied that Alex Shnaider’ Midlands organisation has already bought a major stake in his Jordan F1 team, although does admit that there is a possibility he will in the near future.
The deal would also pave the way for Shnaider to purchase the remaining 50.1 percent of the team in the future, thus fulfilling his goal of being the owner of a grand prix team.
Shnaider had initially be wanting to the enter the sport with a new Midland F1 team in 2006, however, purchasing Jordan Grand Prix would allow him to avoid paying an entry deposit of £26m to the FIA, a fee which is then repaid monthly during the team's first year of competition.
gplmz.bcsims.com /lofiversion/index.php?t1177.html   (1140 words)

  
 Man of steel set to bow out   (Site not responding. Last check: )
Shnaider, a Russian-born Canadian citizen, had bought the cash-strapped Jordan F1 team at age 36, later to be renamed Midland F1 - after the Midland Group, the privately-held steel, shipping and land development company headed by the Toronto billionaire.
For Shnaider, a Maple Leafs fan, it was his way of letting Canadians know how he felt about the absence of hockey during the NHL lockout.
Added Midland spokesman Ron Fine: "The thing that Alex really wants to emphasize here is that he would be perfectly content to continue with our plan and to achieve the goals we set out at the team's launch.
www.canada.com /montrealgazette/story.html?id=cb6f5b0c-2604-4bdd-8a4e-9cee1e13d2eb   (643 words)

  
 The Official Formula 1 Website   (Site not responding. Last check: )
The team’s progress has been slow to say the least, prompting speculation that their new owners may not be in for the long haul.
We spoke to Alex Shnaider, Midland’s co-owner and Chairman, who explained why his company got involved in the sport in the first place - and why he has no thoughts of leaving...
Alex Shnaider: Because we believe in the sport, because we are fans, and because we are convinced that the whole concept of Formula One will change dramatically by 2008.
www.formula1.com /news/3487.html   (808 words)

  
 TSN.ca - Print Story - Canada's Sports Leader   (Site not responding. Last check: )
6/1/2006 1:42:18 PM Alex Shnaider's tenure as a Formula One owner is reportedly on the verge of ending.
A spokesperson with the team says Shnaider is struggling with the decision of whether or not to sell the team.
Shnaider has been a Formula One owner since 2005 when he acquired the Jordan F1 team from Eddie Jordan.
www.tsn.ca /tools/print_story.asp?id=167575   (347 words)

  
 RTÉ Sport: Shnaider keen on Davidson for Jordan
Midland owner Alex Shnaider is keen for Anthony Davidson to join his Jordan revolution and believes the Englishman could be the man to lift them off the bottom of the pile.
Canadian businessman Shnaider has grand ambitions for the team and believes Davidson's experience of turning BAR into credible challengers would be vital for Midland's plans.
Shnaider, who is in negotiations with BAR tester Davidson over a race seat next year, said: "We are in discussions with a few drivers and Anthony is one of the drivers that we are talking to."
www.rte.ie /sport/2005/0821/jordan.html   (267 words)

  
 TrekStor - News & press
Shnaider was so fascinated by the i.Beat organix — a handy, 40g player with full-bodied sound and winner of eleven accolades — that he placed a special order for the unique, custom-made device on the spot.
The valuable artifact is to be handed over to Alex Shnaider at CeBIT on Friday, March 10, 2006 at 17.00h at the TrekStor stand A61 in Hall 1.
Shnaider is an avid electronics enthusiast, so he will be visiting CeBIT on Friday on his way from Toronto to Moscow to accept the MP3 player in person.
www.trekstor.de /en/news/index_detail.php?id=57   (617 words)

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