Big spender Jordan makes splash with €38m yacht

The new super yacht at Poole in Dorset.

FORMER Formula 1 team owner and self-confessed 'spender' Eddie Jordan is awaiting the completion of his latest purchase – a €38m super-yacht.

Mechanics and engineers moved Jordan's new yacht out of its construction shed at the weekend in order to finish it.

The custom-made, 155-foot, 200-tonne Sunseeker yacht was moved using a radio-controlled wheeled unit on to the Poole quayside in Dorset. It will remain there for the next two weeks as engineers attach an extra radar mount.

The multi-millionaire has stated in the past that "whatever money I've made I want to use". And the super-yacht is testament to that.

But things haven't always been easy for Jordan. In the early '90s, he fought hard to stave off bankruptcy after founding Jordan Grand Prix.

Within several years, the team had become hugely successful.

But Jordan fell into financial difficulties again in 2005. Jordan Grand Prix found it increasingly difficult to raise sponsorship funds; in 2003, Honda withdrew it's engine supply, and in 2005, Jordan was forced to sell the team.

Since then, he has become one of the key presenters of the BBC Grand Prix coverage and is also involved in numerous investment companies and is one of the UK's wealthiest businessmen.

The splurge on Jordan's yacht pales when compared to more ostentatious super-yachts. Roman Abramovich, the Russian billionaire and owner of Chelsea Football Club, is the proud owner of 553ft ship Eclipse, which is rumoured to be worth €844m.

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