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Jag pull out of Silverstone; MOTOR RACING.

JAGUAR Racing have put on hold plans to build a pounds 100million super- factory at Silverstone.

The Formula One team revealed today that they are actively looking at several other sites because of an impasse in negotiations with Silverstone's owners, the British Racing Drivers Club.

Jaguar boss Bobby Rahal said that there were 'millions of pounds' of difference between their valuation on leasing the 54-acre site at the Northamptonshire track.

"We have been trying to come to a conclusion with the BRDC which we have negotiated in good faith," said Rahal today.

"We are just currently pretty far apart on the economic aspect. We are at an impasse in terms of the negotiations, but that does not mean it is a dead issue.

"But it means the playing field is wide open and we are looking at alternative sites."

Jaguar want to move from their current base at Milton Keynes and - like Ferrari - bring their manufacturing, engine, wind tunnel and R&D departments together in one base.

Rahal said that they were looking at five other sites with the favoured area between Milton Keynes and Oxford.
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Title Annotation:Sport
Publication:Coventry Evening Telegraph (England)
Date:Mar 30, 2001
Words:186
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