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Last Updated: Friday, 29 October, 2004, 07:53 GMT 08:53 UK
Mansell linked with Jaguar move
Jaguar's future in Formula One depends on talks with a Nigel Mansell-fronted consortium being resolved by the end of next week, according to a report.

Parent company Ford put the team up for sale in September.

"The whole negotiation process and the deadline for any deal with an investor has been extended by 10 days," a Jaguar spokesman told The Guardian newspaper.

"But we have to know by 9 November as entries for next year's championship must be in by 15 November."

Former F1 world champion Mansell is believed to be involved with the Brand Synergy consortium, which will also make a simultaneous bid for the team's engine supplier Cosworth.

"All I can say is that the staff are totally committed to keep working as hard as possible, working on developing next year's car in the hope that all will be well," said managing director David Pitchforth.

"We have had some really good results from our wind-tunnel programme and in any other year, we would be extremely excited about our prospects for next season.

"As it is, we're just keeping our fingers crossed."

If the talks are unsuccessful then about 350 people employed in the F1 side of the company could be out of work.

Hill and Mansell answer criticisms
09 Jul 03 |  Formula One
Jaguar boss appeals to buyers
17 Oct 04 |  Formula One
Jaguar 'nowhere near' being sold
11 Oct 04 |  Formula One
Ford hopeful of Jaguar sale
23 Sep 04 |  Formula One
Cash fears worry Mosley
24 Sep 04 |  Formula One
Jaguar quits Formula One
17 Sep 04 |  Motorsport
Teams plan Cosworth talks
18 Sep 04 |  Motorsport

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