The 2005 Jordan driver announced on Wednesday that he’d been forced to withdraw from the battle for Midland’s second 2006 race-seat due to financial constraints.

Midland, who purchased the Jordan outfit in January this year, are selling their second race-seat for between eight and ten million euros. And it’s a price that Karthikeyan can’t meet.

With the absense of tobacco advertising, F1 team depend on driver to raise fund these days.