Has EJ sold Jordan?

By Phil Giles
August 1 2004

Has Jordan Grand Prix changed hands? An unconfirmed report in the Irish media suggests that it has and that Eddie Jordan has sold out to the Al Makhtoum family in Dubai to the tune of £60m.

The report suggests that Eddie would lead the team for at least the next two years at which point, the team principal would change. 

We of course have asked the team to comment on the story but are yet to hear from anyone at the currently Silverstone based team.

The story however throws doubt on a number of fans allegiance to the Irish team. "I'm a Jordan fan, not sure I can be a "generic middle eastern team managed by EJ" fan" said message board poster MYOB.

Have your say on the message board and in our latest poll.

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The story has been broken by www.breakingnews.ie and the text of their story is below:

€60m price tag set for Team Jordan
01/08/2004 - 16:22:28

Eddie Jordan is believed to have agreed a price of €60m to sell his F1 team to the Al Makhtoum family, who own Emirate Airlines and, more famously, the Godolphin racing empire.

The Irishman will continue with the team as team manager for two years, until a replacement can be found, according to reports.