Ford Motor Company Sells the Jaguar F1 Team to Red Bull

The purchase of Jaguar Racing no doubt will be wonderful news to the 300-strong workforce, although long-term employment surely

"Wow! Can you imagine a better outcome for our Team at Milton Keynes?" commented Tony Purnell, who has been confirmed as the Team Principal of the new Red Bull outfit. (Photo: Jaguar Canada)

isn't guaranteed for a team that has done so poorly despite considerable funding.

"Wow! Can you imagine a better outcome for our Team at Milton Keynes?" commented Tony Purnell, who has been confirmed as the Team Principal of the new Red Bull outfit. "I've got to know the folks at Red Bull well over the last year, first as a sponsor and now as our owner. High energy, high motivation, high commitment - they have it all. Dave Pitchforth and the Team have won many admirers over the last two years, and their hard work has earned them this fabulous

The Red Bull F1 team will continue using Cosworth engines for the 2005 season. (Photo: Cosworth Racing)

opportunity. The months of uncertainty are over and this news is terrific!"

Mateschitz also said that the Red Bull team will continue using Cosworth engines for the 2005 season, although he added that he "can imagine a change in 2006."

But if Cosworth, now under the management of Kevin Kalkhoven and Gerald Forsythe, co-owners of the Champ Car World Series and heads of the PKV and Forsythe Championship Racing Champ Car teams respectively, can pick up its game there is an opportunity to stay within Formula One. Cosworth supplied back-runner Minardi and once competitive Jordan last season, although the second of the two recently announced a switch to Toyota power for 2005.