Formula One news

Ecclestone: Team Irvine is good for Formula 1

Bernie Ecclestone says it is good news that Eddie Irvine may soon join the team owners' circle. The F1 impresario insisted it will be 'good for F1' if Irvine's Russian backer snaps up the Silverstone based team for around half the price paid by Alex Shnaider six months ago. "I like the idea," he told England's Daily Telegraph newspaper. "He will make a lot of noise and upset a few people."

Shnaider bought the team from Eddie Jordan for around $45 million, including $20m in debt. But Irvine - who won't, incidentally, be personally investing a penny - could snap up Jordan for a paltry $22m.

So why did an apparently disinterested Russian-Canadian buy Jordan in the first place? "Because they like to party," Ecclestone, 74, grinned.

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