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15 Jan 2005, 21:25 (Ref:1201753)
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BREAKING NEWS - Jordan to become Midland Jordan
Autosport.com has more details
Main points: A takeover of the Jordan team is due to be announced in the coming days. Midland F1 are buying it. Eddie will stay on as commercial director. Mario Dominguez is likely to drive. |
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15 Jan 2005, 21:31 (Ref:1201755)
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Join Date: Aug 2004
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Wow! Didn't see this comming.
Thanks for the information kb. |
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15 Jan 2005, 21:32 (Ref:1201757)
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Join Date: Oct 2004
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Whoa.
I see this as good news though, Midland have given the impression they've given a lot of thought to all aspects of running an F1 team in the interviews the owner has given (and the people he's hired). Plus with a little extra cash Jordan could improve. They can't make a hash of it like Red Bull have... can they? |
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15 Jan 2005, 21:33 (Ref:1201758)
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Crickey. I am suprised Eddie would stay on. Not because he wouldn't want to (especially if his name stays in the title), but I thought a new owner would want a clean break.
What would Eddie as Commercial director be responsible for? Finding sponsorship?! |
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__________________
Seriously not taking motorsport too seriously.
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15 Jan 2005, 21:34 (Ref:1201760)
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#5 | |
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Normally my reaction would be "lets wait for official confirmation" - but having read the Autosport report in full, it does look like they've got themselves a genuine exclusive.
I think it is a positive. And it makes sense to keep Eddie involved, and to keep his name in the team name. Looks like good news. |
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15 Jan 2005, 21:36 (Ref:1201762)
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#6 | |
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I think a commercial director at that level would be the man responsible for managing the team's relationship with its sponsors rather than necessarily being the person who goes hunting for them.
With big sponsorship deals there's a lot of maintenance to be done to keep them happy - and EJ's ideal for that type of role. |
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15 Jan 2005, 21:37 (Ref:1201764)
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I haven't read the report so all my ideas might be totally off the mark, but it's interesting that Arden had mentioned that the negotiations with Jordan had stalled lately so he choose to sign up with Red Bull... a few days later Midland hand over the money.
Looks like Eddie can play the cards close to his chest when he wants too afterall. |
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15 Jan 2005, 21:39 (Ref:1201767)
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Quote:
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__________________
Seriously not taking motorsport too seriously.
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15 Jan 2005, 22:00 (Ref:1201784)
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#9 | ||
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Join Date: Dec 2000
Posts: 11,180
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What the...?!
I thought Midland F1 were developing their own car to enter their own team? |
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15 Jan 2005, 22:14 (Ref:1201793)
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#10 | ||
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Bit of a shock to finally have something seemingly-offical announced after the long-running list of far-fetched theories and rumours. This is a fairly positive outcome, with some well-funded and enthusiastic people coming in,a dn Eddie remaining (though perhaps in a token "hello, I'm Eddie Jordan, I'm a 'character', so give me your money" role.
Ideally, we'd've seen Midland and Jordan both on the grid in 2006. Was there ever an official link between Midland and Honda? If so, I wonder what Honda will fee about them being dumped in favour of a Toyota-linked team. Dominguez is nowhere near ready for F1, and I doubt he's even good enough. |
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15 Jan 2005, 22:14 (Ref:1201794)
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#11 | |
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Buying an existing team means no 48 million bond to pay, it means immediate access to TV money, travel money and seats on the technical working group etc.
It makes sense. |
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15 Jan 2005, 22:24 (Ref:1201806)
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#12 | ||
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Join Date: Sep 2001
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That make sme quite cross about the rules KB lists, and the extent to which they limit the potential for new teams to enter. I know the $48m is returned with interest over time, and for a team whose money isn't from the US it's less than usual due to the weak US economy, but it's still a disincentive to new entrants.
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15 Jan 2005, 22:27 (Ref:1201809)
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So, we're going to have a pseudo-Irish-Mexican-Russian-Canadian-English-German-Italian team? Neat.
Last edited by StickShift; 15 Jan 2005 at 22:28. |
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15 Jan 2005, 22:30 (Ref:1201812)
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#14 | ||
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Its good news but I'm gonna miss seeing Eddie Jordan on the pit wall, he's always been a character and that will be missed. I'm glad he's still going to be involved in F1 however, and I hope he's still going to be playing the drums at Silverstone!
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15 Jan 2005, 22:46 (Ref:1201821)
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#15 | ||
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Join Date: Dec 2000
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So this means no "more" cars actually on the grids?
we're still going to have 20 cars...? I knew it, I bloody knew it, I don't understand why I let myself get my hopes up that we might actually see a full grid... Im actually quite angry about this. So as it stands there are no new teams entering more cars in 2006 or beyond is there? |
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15 Jan 2005, 22:51 (Ref:1201826)
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#16 | ||
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Team Dubai is still supposed to begin racing in 2006 as the McLaren B-team.
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Ten-Tenths F1 Results Prediction Competition—2005 Champion!
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15 Jan 2005, 22:54 (Ref:1201827)
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#17 | ||
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Join Date: Oct 2004
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Team Dubai has yet to prove they exsist as anything more than a press release though.
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15 Jan 2005, 22:55 (Ref:1201830)
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Join Date: Jan 2005
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Theres the Dubai Team and the Russian team so don't get too downhearted.
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15 Jan 2005, 22:56 (Ref:1201832)
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lol, we've had the same thought at the same time!
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15 Jan 2005, 23:00 (Ref:1201839)
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Erm........Am I forgiven now?
http://tentenths.com/forum/showthrea...48#post1189148 No offense taken............. 
Last edited by Gabrio; 15 Jan 2005 at 23:02. |
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Whenever in doubt......flat out!!!
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15 Jan 2005, 23:02 (Ref:1201841)
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#21 | |
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Some of us never doubted you, Gabrio
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15 Jan 2005, 23:04 (Ref:1201844)
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#22 | ||
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Thanks KB!!!!!
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Whenever in doubt......flat out!!!
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15 Jan 2005, 23:34 (Ref:1201862)
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#23 | ||
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Wow, I know Eddie J. was having some problems with his team, but I wasn't expecting him to sell it.
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Give them good ol' boys the chrome horn PT!
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15 Jan 2005, 23:46 (Ref:1201873)
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#24 | ||
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Join Date: Nov 2003
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Wow this is good news. Hopefully they'll bring some more $$$ to the table and after a year of Toyota engines they'll move up the grid a bit.
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15 Jan 2005, 23:51 (Ref:1201879)
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#25 | |||
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14th
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Quote:
Oh I see! 
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__________________
Seriously not taking motorsport too seriously.
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| Thread | Thread Starter | Forum | Replies | Last Post |
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| Dominguez Confirmed at Midland Jordan F1 | TedN | ChampCar World Series | 15 | 23 Feb 2005 10:50 |
| Firman signs for Jordan! (aka Jordan thread 12,455) | bosch! | Formula One | 78 | 6 Feb 2003 15:46 |
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