Midland F1 Racing was a Formula One constructor and racing team which competed in the 2006 Formula One season with drivers Christijan Albers and Tiago Monteiro. The team was created by the renaming of Jordan Grand Prix after its purchase by Canadian businessman, and owner of the Midland Group, Alex Shnaider. The team was licensed as the first Russian Formula One team, although it continued to be based in the United Kingdom, at Jordan's Silverstone factory. Towards the end of the 2006 season, the team was sold to Spyker Cars N.V.; the team raced in its last three Grands Prix under the official name Spyker MF1 Racing. In 2007, the team competed as Spyker F1, and in 2008 was sold to Indian businessman Vijay Mallya and was renamed Force India F1.

The 2006 FIA Formula One World Championship was the 60th season of Formula One motor racing. It featured the 57th Formula One World Championship which began on 12 March and ended on 22 October after eighteen races. The Drivers' Championship was won by Fernando Alonso of Renault for the second year in a row, with Alonso becoming the youngest ever double world champion at the time. Then-retiring seven-time world champion Michael Schumacher of Scuderia Ferrari finished runner-up, 13 points behind. The Constructors' Championship was won by Renault, which defeated Ferrari by five points.