Formula One news

Some backers may stay with Jaguar

Some of Jaguar's existing sponsors may stay with the England-based Formula One team even with a new owner in 2005, we can reveal. Business development manager Mark Gallagher said the appeal of the team is not in the word 'Jaguar' but 'the people' who work at Milton Keynes.

Beck's and HSBC have definitely left the Cat's livery, but other team backers - such as UGS and Du Pont, although first wooed to Jaguar by carmaker owner Ford - are believed to be waiting on confirmation of a buy-out deal before making a decision.

Gallagher commented: ''That the management of the team has remained intact definitely helps with any future commercial agreements.''

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