Jaguar's hefty price tag
Team reportedly sold for $55 million

(GMM -- Nov.15) Formula One team Jaguar cost new owner 'Red Bull' more than $55 million, according to a British newspaper.

'The People' said, unlike speculation that a nominal fee - such as $1 - would be sought so long as the drink brand could guarantee Jaguar's future, Ford's price tag would 'shock' other team principals.

It sheds some light on 'why the team ... struggled to find a buyer,' the tabloid newspaper report read.

Written: Mon, 15 Nov 2004 11:27:08

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