(Formula One.com)
Former team owner Eddie Jordan has hit out at Formula One management for the way in which the smaller Formula One teams have been forced out of business. Jordan who ran his Jordan Grand Prix team from 1991 - 2005 has labelled the current situation in Formula One as 'a disgrace'. In the build up to last weekend's United States Grand Prix at the Circuit of the Americas in Austin Texas both the Caterham and Marussia F1 Team's entered administration.
Speaking to the Reuters news agency in Austin on Sunday Mr Jordan said:
'I am absolutely sick of the way Formula One is being run at the moment. It is completely unfair...this business is about competition and it needs to be fair and seen to be fair. It is not any of those things.'
The Caterham and Marussia F1 Team's are in their fifth season of competition in Formula One and the Marussia F1 Team scored their first point ever earlier this season when Jules Bianchi finished the Monaco Grand Prix in ninth place collecting two extremely valuable points.
Jordan also called the bonus payments received by the big teams 'completely wrong.' The Irishman said that Caterham and Marussia were lied to over the budget cap that was meant to be introduced when Caterham, Marussia and HRT joined the Formula One grid in 2010 but it never materialized. Jordan feels that a mechanism can surely be put in place to protect the small teams.
© Ben Johnston 2014
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