The Irishman, who sold out to Russian born billionaire Alex Shnaider, said F1 supremo Bernie Ecclestone is the only 'credible' option.
He told BBC radio: "The private teams would have great problems believing that the manufacturers will look after (them)."
Indeed, F1's independent faction - Midland, Red Bull and Sauber (but not Minardi) - did not sign the carmakers' new memorandum of understanding, instead vowing to respond after consultation.
Jordan also said on the 'Five Live' programme that Ecclestone, 74, is 'tough' but always cared for the privateer faction '... like a godfather.' -GMM