Formula One news

'Time running out' for Jaguar

Time is running out for beleaguered Formula One team Jaguar to find a buyer and keep racing - with a different name and owner - in grands prix next season. Team spokesman Nav Sidhu told The Guardian newspaper that an earlier deadline for a final deal was extended by 10 days to November 9 (next Tuesday).

He explained: "Entries for next year's world championship have to be in by November 15."

It is suggested that Brand Synergy, the consortium involving 1992 world champion Nigel Mansell and a failed bid for the British grand prix, may now be trying to buy Jaguar and Cosworth.

Meanwhile at Jaguar HQ in Milton-Keynes, staff continue to work on the 2005-spec R6. "In any other year," said managing director David Pitchforth, "we would be extremely excited about our prospects for next season."

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