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Thread: Official: Eddie Jordan sells to Midland

  1. #1
    Join Date
    Apr 2003
    Location
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    Official: Eddie Jordan sells to Midland

    http://www.itv-f1.com/News_Article.aspx?PO_ID=31947

    OFFICIAL - EJ SELLS TO MIDLAND
    Last Updated: Monday, 24, January, 2005, 12:08


    Jordan have finally agreed terms with Midland for the takeover of the team.

    The team will continue to be known as Jordan Grand Prix in 2005, but it is likely to be renamed Midland F1 the following season.

    As expected, Eddie Jordan will remain involved with the team in a commercial capacity.

    He said: “I have devoted 35 years of my life to motor racing and have had
    some really fantastic times.

    “The last fourteen years when I have been lucky enough to be involved in Formula 1 have been a highlight, naturally, and winning our first Grand Prix in 1998, which broke the grip that the top teams of the time had on the sport, is for me a personal triumph.

    “I have to thank Bernie Ecclestone for making the introduction to Alex Shnaider of Midland F1 as I wholeheartedly believe that Midland joining with Jordan will make the team stronger.

    “I spoke to a number of interested parties in recent months and these are absolutely the right people. They are totally committed and as we look to the future, we will see this team return to the competitiveness we have proved we are capable of.

    “The sport and the required resources have changed and this deal provides the team with the security and strength it needs.

    “I’m glad that for the time being we keep the Jordan name and I am also delighted to confirm that I will remain involved with the team and will be working with Jordan in a variety of commercial and sponsorship capacities as we move forward.”
    I am the Stig

  2. #2
    Join Date
    Mar 2004
    Location
    Warsaw
    Posts
    4,448
    oh no!!!
    i loved them so much
    i can't stand the fact that eddie will work for some russians

  3. #3
    Join Date
    Jan 2004
    Location
    Melbourne, Australia
    Posts
    866
    It was inevitable. They were struggling way too much recently. They used to be one of the "best of the rest" teams around 1998-1999, but after that it all started to fall apart. Shame, really

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