Ford dragging their heels on sale to Red Bull

Red Bull have confirmed putting in an offer to buy Jaguar Racing but say the F1 team's owners Ford are dragging their heels. According to the Austrian energy drink company motorsport 'advisor' Helmut Marko, they have already submitted an offer to Ford. Marko also revealed that Red Bull has met with all of Ford's "financial requirements", however, Jaguar's owners appear to be "reluctant to agree." He told Autosport: "Ford seem to have been unable to clearly react (to the offer)." Meanwhile according to the latest rumors, Bernie Ecclestone is prepared to buy Jaguar and Ford's up for sale engine manufacturer Cosworth if no suitable buyers come forward. The F1 supremo has yet to comments on these reports. Planet-F1