Jordan Stronger than Ever, Says Boss

Formula One team boss Eddie Jordan is upbeat about the chances of his team in the 2003 Championship and says the Silverstone-based squad's future is not in danger.

Jordan slashed his staff by 15 percent earlier this year, and they are yet to announce their main sponsor for the 2003 season following the exit of Deutsche Post, who decided not to renew a deal which would have been worth $24 million.

The team admitted Deutsche Post's exit was a major setback but not a critical blow.

Jordan, whose team will use Ford engines next season after parting company with Japanese supplier Honda, admitted that making part of his staff redundant was a tough moment for the team but the Irish entrepreneur claims his team are in better shape than ever before.

"You hear all kinds of things in this business, but we know the reality," said Jordan. "I can say to you that not only are we here for the long haul but we are stronger than ever because we are a well managed company who have enjoyed good sponsors in the past and will continue to do so in the future.

"Sure we went through some pain when we reduced our numbers earlier this year, but we have a fantastic team of people, the Ford engine is outstanding, the new car looks great and (Giancarlo) Fisichella is raring to go.

"We want to be back up there in the top four in Formula One, and with our plans unfolding for next season we have every reason to look forward it. There's a lot happening, some of which I cannot discuss with you just yet, but it's exciting."

Jordan finished in sixth place in the Constructors' Championship last year. Their best result is a third place in the 1999 season behind Ferrari and McLaren.

Jordan are yet to name their second driver for the 2002 season after the exit of Takuma Sato.