Jordan Plays Down GPWC
Former team owner Eddie Jordan has played down the threat of a rival series to Formula One, saying Bernie Ecclestone is the only credible solution.
Carmakers planning their own series from 2008 will show teams what they have to offer in a meeting in London today.
World Champions Ferrari already agreed to stay with Ecclestone and the FIA, the sport's governing body, until 2012, but the GPWC group will show the other nine teams a blueprint for the future.
Reports have talked about Ecclestone offering the teams anything up to $3 billion in revenues over five years.
The GPWC have avoided financial estimates, but Jordan believes it would have to be "a hugely beneficial deal to attract the teams to go with them rather than Bernie Ecclestone".
"A vast majority of the teams, once you've got Ferrari on your side, will all side with Bernie," Jordan told BBC Radio Five Live.
"Bernie Ecclestone is the only credible solution because the private teams would have great problems believing that the manufacturers will look after their needs and cares. Bernie has looked after us almost like a godfather figure, in a tough way, but a fair way."
Jordan sold his team last month to Russian billionaire Alex Shnaider, owner of the Midland Group.
The GPWC includes BMW, DaimlerChrysler and Renault, but also counts on the support of Japanese manufacturers Honda and Toyota.
Share Or Save This Story
Alpine becomes Pramac's main partner in MotoGP
Liberty Media's $4bn MotoGP deal facing EU probe
The story of the 2011 Italian Grand Prix
Wolff should get out of Mercedes while at the top of F1, says Jordan
Racing Point F1 team hires ex-Michael Jordan marketing chief
The true story of how Schumacher escaped Jordan
Celebrating the life of Eddie Jordan – just how 'EJ' would have wanted it
The loveable character traits that made Jordan perfect for F1
The F1 podium-finisher that gave Jordan stability in a year of chaos
Why Aston Martin is a better destination on the F1 driver market than it seems
What is it like being a Williams F1 simulator driver?
Marquez expects rivals to risk more in hunt for MotoGP title
MotoGP title challenger Bezzecchi pessimistic for British GP
Subscribe and access Autosport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
Top Comments