Formula One
28 November 2009

Formula One news

Friday to seal Jag's fate

26 October 2004

The fate of Jaguar's staff at Milton-Keynes will probably be sealed by Friday, according to Ford's Tony Purnell. "Things ... could go either way," the ill-fated Formula One team's principal revealed.

Entries for the 2005 championship must be lodged by November 15, so time is running out for a potential buyer to write a cheque.

Purnell said: "We could be popping champagne corks but I don't know. Jaguar does have people pursuing it but it is a complex situation."

US carmaker Ford announced in September that Jaguar and F1 engine supplier Cosworth would lose its financial support beyond the final grand prix of 2004.


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