Eddie Jordan is determined to keep his team on the grid and at least break even this year to have a better chance for the future. The Irish boss recently cut 15% of his workforce and technical director Eghbal Hamidy also parted company with the ...
Eddie Jordan is determined to keep his team on the grid and at least break even this year to have a better chance for the future. The Irish boss recently cut 15% of his workforce and technical director Eghbal Hamidy also parted company with the team. Jordan intends to keep the squad 'leaner and meaner' and make money: "I consider myself a proven businessman, I believe in making a profit," he said at the Spanish Grand Prix this weekend. "I want to stay in business as an entrepreneur, I will stay in business."
Jordan has been vocal on the subject of cost-cutting in F1 but insists he will not be going the same way as Alain Prost, who's team went bankrupt earlier this year. "It's a big sorrow for me that Alain Prost is not here," he said. "I don't want to follow him down that path...but we are not in that position. I want to make sure that we break even this year and have an even better chance in the future."
It had been suggested that Jordan had made the staff cuts to impress engine supplier Honda -- who also supply BAR and have been rumoured to be thinking of cutting it's F1 involvement to one team next year -- but Jordan refutes this: "I never considered Honda once in the whole thing. This is about Jordan. Jordan is not under pressure or on any beauty parade. Everyone tells me they (Honda) are going to do a runner. If they are, I have no experience of that," he remarked.
The financial climate in F1 is a constantly discussed topic and while he realises there are problems, Eddie Jordan is not about to give up: "We have a blip, a major blip, but not something that is out of control," he said. "We have to make changes, Jordan has to make changes. I am sure as hell going to make sure it (the team) survives."