Jordan seeks Chinese investors and drivers

  • Other Sport
  • Saturday, 22 Nov 2003

LONDON: Eddie Jordan is looking for Chinese business partners and drivers for his Formula One racing team. 

The Irishman told the Sun newspaper yesterday that he was willing to sell a major stake in his Silverstone-based outfit in a bid to increase his racing budget. 

The name of Jordan's team is already established in China, which will stage its first F1 Grand Prix in Shanghai next September, after doing a deal with the country's TV company CCTV this year. 

Bosses of the Shanghai circuit have also asked Jordan to help set up an academy for budding Chinese drivers with a view to eventually racing in F1. 

“Maybe interests in Macau, Hong Kong or elsewhere can buy an exciting team. I'm currently looking at something like that,” Jordan said. “I am also interested in trying to groom a Chinese driver into F1. 

“We have a great history of bringing on young drivers – just look where Michael Schumacher began his F1 career. 

“I will do my best to help nurture the first Chinese Formula One driver and I would like to see Chinese faces in my team in the future.” 

But Jordan says he is only willing to sell his majority holding in the team if he is allowed to continue at the helm. 

The outfit finished ninth in this season's world championship but did have the consolation of seeing Giancarlo Fisichella win the rain-lashed Brazilian showdown. 

He is not the only team interested in bringing aboard the Chinese. 

Williams revealed last month that Tung Hopin would become the first Chinese to test drive a Formula One car. 

The 21-year-old won this year's Asian Formula BMW championship, winning 10 of the 14 races, in what is proving to be a good training ground for the world circuit.  

Tung, who drove for Team Meritus which was the former team of Japanese F1 driver Takuma Sato, only missed out on one pole position during the season.  

If he does well, Tung might have a future with Williams who need to find a replacement for Colombian driver Juan Pablo Montoya who leaves for McLaren in 2005. – AFP 

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