He led his own Jordan team in Formula 1 and later turned into a well-liked television analyst after parting ways with the team in 2005.

Eddie Jordan, the former Formula 1 team owner, passed away at the age of 76, as reported by his family on Thursday.

He had been battling cancer.

The family stated that Jordan "quietly passed away surrounded by loved ones in Cape Town" early Thursday.

During the 1990s and 2000s, he had his own Jordan team in Formula 1, and following the sale of the team in 2005, he transitioned into a prominent role as a commentator on TV.

Jordan is also known for providing the inaugural Formula 1 race opportunity to future seven-time champion Michael Schumacher.

Stay tuned for more updates as this story continues to develop.