Eddie Jordan said he believed the deal with Alex Shnaider's Midland Group would make the Jordan team stronger. "I spoke to a number of interested parties in recent months and these are absolutely the right people," said the Irishman about the takeover.
"They are totally committed and we will see this team return to the competitiveness we are capable of.
"The sport has changed and this deal provides the team with the security and strength it needs."