Formula One news
Friday to seal Jag's fate
26 October 2004The 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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