 Jaguar Sell Formula Three Team Thursday October 18th, 2001
As part of team principal Niki Lauda's development of the team, the sale has been enforced despite the successes of the team, as pressure mounts and calls for results in Formula One grow louder. "Since taking over the reigns at Jaguar Racing, one thing has become very clear to me - we must focus 100 per cent of our efforts into Formula One if we are to reach our long-term target of winning races," Lauda said. "The Formula Three team has achieved an unsurpassed record of success in the last 13 years, not just in terms of race victories but in developing young drivers. So this has been far from an easy decision - but it has been taken in the best interests of our Formula One programme." Both of the team's Formula Three drivers from this year, Australian James Courtney and German Andre Lotterer, have worked as testers for the Formula One squad. But Lauda has revealed their future is currently undecided and the team are discussing where to place them for the 2002 season. "We have not, at this stage, decided on the future of James Courtney or Andre Lotterer," revealed Lauda. "They have done a great job this season. Discussions with both men are on-going and again we want to ensure an outcome with their best interests in mind." Jaguar took over the Formula Three team from Paul Stewart Racing two years ago, at the same time they took over the Formula One squad. The team were originally set up by Jackie Stewart and his son Paul in 1988, and since then clocked up a massive 13 championship titles with 141 race wins and 340 podium finishes. The new consortium comprises of Van Diemen's John Uprichard, P1 Motorsport's Roly Vincini and Sweeney Racing's John Sweeney.
Published at 13:08:59 GMT
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Jaguar Racing will concentrate all their efforts on Formula One after revealing on Thursday that they have sold their Formula Three junior team to a newly-formed consortium.
(03-11-2005): 
