Jordan Ready to Sell to Help Team Win Again

Formula One team boss Eddie Jordan says he would consider selling his team if it put them back on the winning track.

"If it meant that the team be successful and win again, I don't actually need to own the team," he said on Friday before Sunday's Australian Grand Prix. "That doesn't mean it's for sale.

"I don't need to have to own the team. I want to stay involved of course but if it meant somebody really very big deal coming along which gave Jordan the opportunity to be able to win quickly, of course I'd look at it.

"At this stage that's all the matters to me."

The Irish entrepreneur founded his team in 1991 and built them into a force to be reckoned with, finishing third overall in the 1999 Championship and winning races.

Since those heady days the team have fallen on harder times, with major carmakers now dominating the sport, and Jordan have had to cut costs and staff to safeguard their future after independent teams Prost and Arrows folded.

Jordan has already sold a sizeable stake in his team to investment bankers Warburg Pincus but has always said in the past that the rest was not for sale.

"Jordan is in a situation and things will change," he said on Friday.

"I believe that everything is in a cycle in this world...in my particular case I believe that the cycle will show that the private entrepreneurial teams will come back to the fore. It's just that I would like it to happen sooner rather than later."