New boss hails Red Bull buyout
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London - Tony Purnell, the man who will act as team principal of the new Red Bull Racing team, described the energy drinks company&#39;s buy-out of Jaguar as &quot;terrific&quot; on Monday.
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David Coulthard settled in quickly to life with Red Bull Racing by setting a competitive time on his first test for the new team. The Scot confirmed
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Austrian energy drink makers Red Bull said on Monday they had bought the Jaguar Formula 1 motor racing team from Ford who withdrew the team after this year&#39;s world championship.
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Red Bull is an Austrian company, based at Fuschl am See near Salzburg, close to the German border.
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Red Bull will not be rushed into any  decision about drivers after buying the Jaguar Formula One team  Monday, says team boss Tony Purnell.
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London - Portsmouth have recovered from the shock of manager Harry Redknapp&#39;s resignation in midweek to give new executive director Velimir Zajec his first win.
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Formula One team Jaguar will race next season after being taken over by beverage company Red Bull on Monday. Ford said Austrian-based Red Bull GmbH had paid an undisclosed fee for Jaguar.
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&quot;They did a great job. The circuit deserves a seven-year contract. It&#39;s really enjoyable to race here,&quot; added the president of the sport&#39;s world governing body FIA in an interview with Xinhua news agency.
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&quot;He does not crave publicity,&quot; Purnell told a news conference. &quot;Red Bull ... will employ professionals to run the team.
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The Ford Motor Company has confirmed that Red Bull is the new owner of Jaguar Racing and that Tony Purnell will stay on with the team to run operations.
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Shares in Manchester United rally on Monday as the club confirms it has received a takeover approach.
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The owner of the new Red Bull team, Austrian tycoon Dietrich Mateschitz, said today he has a deal for the Scot next season, which starts in Melbourne in March.
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Austrian energy drink firm Red Bull has  taken over the Jaguar Formula One team from Ford, Red Bull's  owner told a newspaper Sunday.
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Red Bull Racing say they want to sign David Coulthard so that they have an experienced driver for their first Formula One season next year.
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Red Bull Racing owner Dieter Mateschitz has not made his final choice for his team&#39;s drivers line-up but he is not hiding his actual preferences.
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THE head of Jaguar&#39;s Formula One team said yesterday he was confident a buyer would be found by the end of the year. Jaguar owner Ford said last week it was ending its association with Formula One racing at the end of the season and selling the team.
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The chief executive of German utility EON, Wulf Bernotat, has expressed satisfaction with market reception to his firm's takeover offer of more than 41 billion euros (55 billion dollars) for Endesa.