Jordan wants to see more young blood in beleaguered Formula One

Eddie Jordan is relishing the challenge of keeping his cash-strapped team alive in Formula One – but wants to face more competition.

The Irishman, whose team is one of just three private entrants left in F1, believes younger outfits should be coming into the sport.

But he admits that is unlikely, given in the current economic climate and given the present dispute over between teams and the governing body surrounding the Concorde Agreement, the sport's secret document.

"These are difficult times but I am actually enjoying the fight. I feel much fresher on it," he said.

"I would like to see younger teams who have spread their wings and have won championships in Formula 3000 and sports cars and other activities given a chance.

"I would love other teams to come into F1 and I would love other sponsors and other partners and activities, and I think the only way we can really do it is if we are united."

But Jordan admitted the number of entrants could not go too far above the current number of 10 only 12 are allowed under the Concorde Agreement because that would affect other teams' income.

Any new entrant has to pay a deposit of around £33 million to the FIA, the sport's governing body, though its president Max Mosley has hinted that payment could be waived in future in a bid to attract more teams.

There has been talk of an all-American outfit coming into Formula One, which would partially offset last year's loss of the Prost and Arrows teams.