Jaguar F1 Team - bought

[FourWheelDrift]

Just in time for Monday's deadline.

www.crash.net/uk/en/news_view.asp?cid=1&nid=102619

The Donkey is saved and might be seen at GP's next year, maybe? www.donkeydoesf1.co.uk/

[zetec]

Looks that way from this article as well.

http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/4012381.stm

[D-Angle]

Glad to see the guys and girls at Jaguar will still be there next season.

Playing Devil's advocate here, but could it be actually bad for F1 that Jaguar will continue? Does it need a crisis like this could have created to shake thigs up and sort out the problems it has?

[Eric Mc]

Will Sauber still run in Red Bull colours?

[mutt k]

Seems official now that it is all over F1 sites. Missing question is drivers though. Apparently DC signed a two year contract with Jaguar just before Ford pulled the plug. Will this contract be valid? If so, are we going to have to suffer two years of "well, my team mate's wiiings seem to be faster than mine, but if I had the same, I could be world champion"

[hornet]

Has Red Bull bought the Jaguar F1 entry as well as the team? Seem to recall other people falling foul of that in the past.

Good news for Jaguar employees, but how will it affect Sauber?

[hendry]

hornet said:

Has Red Bull bought the Jaguar F1 entry as well as the team? Seem to recall other people falling foul of that in the past. Good news for Jaguar employees, but how will it affect Sauber?

The problem before, with Prost being bought my an investment company if i recall, was that they bought on select bits from the company's asset list. This didn't include the entry. The entry fee is there to guarantee a value in Formula 1 teams, as any new entrant has to fork out $40m to race, which means that any existing team is worth at least that.

In Jag's case although the nominal $1 has been exchanged, that is clearly not the value of the team, as they have had to commit money going forward. Ford do OK out of it, the Jaguar team do well, and you can bet that Bernie's outfit needed to give it the nod as well.

[zetec]

Eric Mc said:

Will Sauber still run in Red Bull colours?

This is what I was wondering??

Surely a conflict of interests? Main sponsor of one team owning another??