Jordan Seal Investment Deal
The Jordan team has tied up a long term deal with investment bank Warburg, Pincus, which should secure its future financial stability.
The deal is not the first in Formula One to involve an investment company - Bowman Credit and Yeoman are just two such institutions to operate in the sport - but is thought to be the first to deal with investment over a long period of time.
The Jordan team has tied up a long term deal with investment bank Warburg, Pincus, which should secure its future financial stability.
The deal is not the first in Formula One to involve an investment company - Bowman Credit and Yeoman are just two such institutions to operate in the sport - but is thought to be the first to deal with investment over a long period of time.
The Warburg, Pincus name will not appear on the cars next season - in line with its non-sponsorship role - as the company will instead focus on the future growth of Jordan Grand Prix." In addition, Warburg, Pincus will have no say in the day-to-day operations of the team.
(Jordan Grand Prix is not short of sponsors, and has long term sponsorship deals in place,) explained team boss Eddie Jordan, (The investment from Warburg, Pincus is differentiated in that the focus is on the long term future and overall growth of Jordan Grand Prix.)
