Formula One news

Bernie to buy Jaguar?

A familiar face is prepared to come to the rescue if an alternate buyer is not found for threatened Formula One engine supplier Cosworth Racing, we can reveal.

It is understood that the sport's 'impresario', commercial rights holder and 74-year-old billionaire Bernie Ecclestone, would snap up the formerly Ford-backed company in order to guarantee the contracts of endangered private teams Jordan - negotiating an alternate supply with Toyota - and Minardi.

The most likely outcome, though, is that Champ Car owner Kevin Kalkhoven will conclude a deal to save Cosworth and, in so doing, his entirely Cosworth-powered single seater field in America.

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