Jordan in search of new main sponsors

THE Jordan Grand Prix team have been dealt a major financial blow after main sponsors Deutsche Post World Net announced their intention to pull out of Formula One at the end of next month.

The deal was worth in the region of £15million a year to the Irish team, who now hope to name a new backer in the new year, although it seems certain that former title sponsor Benson and Hedges will only remain as an ancillary sponsor.

Eddie Jordan said last night: ‘‘Deutsche Post World Net, along with its brands such as DHL and Danzas, has been a superb sponsor and extremely important in the development of Jordan in recent seasons. So, while we are naturally disappointed by the decision to end its involvement in Formula One, I would like to thank them for their support.