Jordan hit with legal costs

Jordan Grand Prix has been hit with legal costs of £1 million to pay for its failed damages action against mobile phone giant Vodafone. Back in August, Jordan's case against Vodafone -- in regard to a claim that the company had reneged on a ...

Jordan Grand Prix has been hit with legal costs of £1 million to pay for its failed damages action against mobile phone giant Vodafone. Back in August, Jordan's case against Vodafone -- in regard to a claim that the company had reneged on a sponsorship deal with the team -- was ruled as unfounded.

Today in court Jordan argued that Vodafone was only entitled to £600,000, while the phone company was claiming £1.5 million. Mr Justice Langley, the same judge from who threw out Jordan's claim, ruled that Jordan should pay £1 million; £600,000 payable in 14 days and the remainder of the sum on January 1st 2004.

The ruling comes not long after Irish investors Merrion Capital bought a 49.9% shareholding in Jordan from previous team partners Warburg Pincus. It was rumoured recently that without the intervention of Merrion, Jordan would have been forced into bankruptcy.

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Series Formula 1
Teams Jordan