Jordan warns of F1 disappearing

Eddie Jordan has warned that more measures need to be taken to cut costs in Formula One or the sport will disappear. Jordan, who cut 15% of employees this week, thinks more teams could go the way of the now defunct Prost and that big teams such as...

Eddie Jordan has warned that more measures need to be taken to cut costs in Formula One or the sport will disappear. Jordan, who cut 15% of employees this week, thinks more teams could go the way of the now defunct Prost and that big teams such as Ferrari and McLaren don't appreciate the problems smaller teams face.

"We don't want a handout from the bigger teams," he said. "We would just like to see a fair view for everyone because we need to be prudent about where this goes. We have to take notice of it now. We have to make sure the show is absolutely the best, make it better if possible and try to minimise costs, or F1 as we have known it for 50 years will disappear."

The FIA have introduced changes that aim to reduce the financial pressures involved in F1, such as the one engine per weekend ruling which comes into force in 2004. President Max Mosley also wanted to introduce a two-day race weekend but this was vetoed -- Mosley agreed that steps need to be taken sooner rather than later but the FIA needs the backing of the teams. "We need to do something before 2004 to keep the present group of teams together," he said. "But the FIA can't do anything without the majority support among the teams."

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About this article
Series Formula 1
Drivers Eddie Jordan
Teams Ferrari , McLaren , Jordan