Will the former Jordan Team ever have permanent owner?

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Originally Posted by RyanBriscoe#6

Actually in 2005 and 2006, the squad had the same owner through most fo the 2006 season, when Spyker bought the team.

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Good point. Actually, I'm very interested how much each owner made before fobbing the team off onto the next schmuck.

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Originally Posted by Valve Bounce

Good point. Actually, I'm very interested how much each owner made before fobbing the team off onto the next schmuck.

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I thought Midland and Spyker didn't make any money on the team especially with all the debts it had.

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Originally Posted by Dylan H

I thought Midland and Spyker didn't make any money on the team especially with all the debts it had.

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Maybe it was an Income Tax dodge :(

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Originally Posted by Valve Bounce

Maybe it was an Income Tax dodge :(

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Could have been, or maybe they didn't understand the sport well enough before buying, certainly with Midland.

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Originally Posted by Dylan H

Could have been, or maybe they didn't understand the sport well enough before buying, certainly with Midland.

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Yeah!! but what a year!! with guests mixing with Ferrari and McLaren and Williams and Flav and so on in the corporate areas. At least that's what they believe.

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Originally Posted by Dylan H

Yep, Honda paid Jordan about $20 million in compensation for cutting short their engine deal in 2003.... except that the money never reached the team. It was funneled into an account held by an Irish company owned by EJ and his wife.

EJ then attacked the major manufacturers for not doing more to help the small teams get affordable engines including Honda. How he did this with a straight face I'll never know. Anyway a few months later some Irish bankers audited the team with a view to buying into it themselves, found the ruse, told EJ to sort it out and exited stage left pretty promptly. I believe in the end the money was returned to the team.

The Ford deal cost less than what Honda had paid in compensation so in theory EJ made a profit anyway, merely a smaller one than originally envisioned.

When they say "we don't have people like him in the sport any more" I find it difficult to shed too many tears.

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What a cheeky fecker he was, to be sure, to be sure. Be gorra!!! ;)

Jordan GP should have sold to Arden as it was first rumored to happen. Midland's owner Alex Shnaider had the money and wanted to go racing.Instead of starting a team like he intended to, he bypassed the entry fee of a new team, by buying Jordan, when Eddie wanted to get out. A billionaire, and got the team at about 50 million dollars, which is cheap considering teams such as Toyota spend 500 million per season. He sold the team to Spyker with a few races to go in 2006 for 197 million dollars, so he did make out in the deal. No Alex is the majority stock holder in the Israeli football club, Maccabi Tel Aviv.

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Originally Posted by RyanBriscoe#6

Jordan GP should have sold to Arden as it was first rumored to happen. Midland's owner Alex Shnaider had the money and wanted to go racing.Instead of starting a team like he intended to, he bypassed the entry fee of a new team, by buying Jordan, when Eddie wanted to get out. A billionaire, and got the team at about 50 million dollars, which is cheap considering teams such as Toyota spend 500 million per season. He sold the team to Spyker with a few races to go in 2006 for 197 million dollars, so he did make out in the deal. No Alex is the majority stock holder in the Israeli football club, Maccabi Tel Aviv.

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Alternatively in 2001 EJ could have agreed to sell the team to Honda which was evaluating BAR and Jordan to see which one it would pair up with as a future partner/manufacturer team. Apparently he insisted on retaining a role at the team which was something Honda didn't really want as they didn't like the way he did business particularly with sponsors. Obviously Honda ended up with BAR but one wonders how it could have gone.

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Originally Posted by Dylan H

Alternatively in 2001 EJ could have agreed to sell the team to Honda which was evaluating BAR and Jordan to see which one it would pair up with as a future partner/manufacturer team. Apparently he insisted on retaining a role at the team which was something Honda didn't really want as they didn't like the way he did business particularly with sponsors. Obviously Honda ended up with BAR but one wonders how it could have gone.

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Honda would have gotten a better team. Especially in 2001, was when the team started to tail off, but still much better than BAR.

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Originally Posted by RyanBriscoe#6

Honda would have gotten a better team. Especially in 2001, was when the team started to tail off, but still much better than BAR.

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Well, their start point would have been higher for certain.

However I think there were quite a few disagreements, effectively Jordan wanted the kind of relationship that McLaren used to have with Honda, ie engines and cash. Honda wanted to take over many aspects of the design as BAR wanted/begged them to.