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Buyer must be in place by November

Updated: September 23, 2004, 1:13 PM ET
Reuters

SHANGHAI, China -- Ford has had strong interest in its Jaguar Formula One team but will only sell to a buyer offering real hope for the future, according to boss Tony Purnell.

"There's been masses of interest," the Jaguar team principal told a news conference at the inaugural Chinese Grand Prix on Thursday, a week after Ford said it was quitting at the end of the season and selling the team.

"Formula One generates a lot of people who want to take a chance and we're sifting through ...

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