The Weekly Grapevine
This week, Dieter analyses the financial affairs of Jordan as well as the tobacco ban that goes into effect this weekend
Jordan's Finances
With a week having elapsed since Jordan, via owners Midland, signed "to compete in the 2008 to 2012 Formula One World Championship regulated by a revised Concorde Agreement" numerous burning questions remain.
Why sign a five-year agreement, the regulatory clauses of which are far from agreed, and are likely to remain thus for the foreseeable future? Why commit a company to a five-year deal when it is said to be up for sale at $66m; why commit a race team operating to the highest technical levels existent in motor sport to a contractual agreement - enforceable under English law - when a meeting of the majority of Formula One's major players is known to be scheduled for just two days after the signing?
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