Oct 18: A High Court judge ordered Formula One team boss Eddie Jordan to pay mobile phone giants Vodafone £1m on Friday to cover their costs for a failed lawsuit. Jordan had argued that Vodafone were entitled only to £600,000 while the company had sought a total of £1.5m.
Mr Justice Langley accepted Jordan's offer to pay £600,000 pounds within 14 days with the rest on 1 January, 2004.
The same judge criticised Jordan in August for launching a "contrived and unsustainable" case against Vodafone.
Jordan launched his claim in the High Court in June, seeking £150m damages claiming Vodafone reneged on an alleged deal to sponsor the team's cars. He claimed the mobile phone giant wrongly pulled out of the agreement to sponsor Jordan's rival Ferrari.
The judge threw out the case, pointing to a number of 'blatant inaccuracies" in Jordan's oral evidence.
Jordan applied to abandon his claim at the 11th hour and offered to pay all of Vodafone's costs at the highest indemnity level.
Jordan's team struggled badly in the F1 season in 2003 both in terms of finance and performance.
Things got so bad over the winter that Jordan needed to be bailed out by an injection of funding from F1 supremo Bernie Ecclestone.
Bureau Report