New investors for Jordan

A consortium assembled by Merrion Capital has purchased a 49.9% shareholding in Jordan Grand Prix. The new investors have purchased the shareholding of Warburg Pincus and look forward to providing support and fresh impetus to Jordan Grand Prix in...

A consortium assembled by Merrion Capital has purchased a 49.9% shareholding in Jordan Grand Prix. The new investors have purchased the shareholding of Warburg Pincus and look forward to providing support and fresh impetus to Jordan Grand Prix in building on the achievements of team principal Eddie Jordan.

According to John Conroy of Merrion Capital: "The new investors are attracted by Jordan's proven ability to win races in this most competitive of sports and by the vibrant, can-do culture of the Jordan brand and Eddie Jordan."

Eddie Jordan commented: "I would firstly like to thank Warburg Pincus for their support over the past five years, during which time we won four races and finished third in the Championship. Looking ahead, I very much welcome my new partners in Merrion to Jordan Grand Prix and I am very excited to have a stable platform to propel the team to even greater achievements and to proudly wave the Irish flag in Formula 1."

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About this article
Series Automotive , Formula 1
Drivers Eddie Jordan