With a lot of talk in the media at the moment surrounding several Formula One teams and their futures, Jordan team boss Eddie Jordan is confident that things will work out just fine, despite the fact they lost their major sponsor, DHL recently.
We have lost two F1 teams in the space of a season due to economic worries, Prost back before the 2002 season even began and more recently, the Orange Arrows outfit, who were refused entry into the 2003 season after failing to contest the final five rounds this year.
However, despite some poor results last year and having to lay off staff, revealed that he works best when under pressure and in hindsight, his choices throughout 2002 were clever as they have enabled him to remain on the grid for another year.
"We tend to talk ourselves down at this time of year. I don't have a concern about sponsorship and Jordan operate 100 times better when their backs are to the wall. When money is tight, Jordan's results on the track are often a lot better," he told the Telegraph. "Laying people off, letting them go was a fortunate thing in many respects because I felt I knew how Jordan wanted to protect themselves. It's like a snail has an in-built survival mechanism. Jordan have that and one thing for sure is that when you are dealing with your own money and your name is above the door, you protect it more than ever for yourself, your sponsors and your family.
"I put certain economies in place, curtailed the testing, downsized the testing team and used other cost-cutting measures, but never depleted the new car design and development because that is sacrosanct. That takes priority over everything. In hindsight it proves that we were clever. We took Draconian and not-so-nice decisions in April and May, which is the reason why we have money to go forward into next year. Otherwise, the money would have run out about now. It was one of the smartest things we have done, because we saw something coming. We took a lot of flak because some people found it unpalatable, but no-one is giving us flak now."