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Beyond a full LMP1 program I am not sure what Jaguar could usefully do in sports car racing. Jaguar seem to exist in a no-mans land between Bentley and Aston Martin these days. I'm not sure what can be achieved by competed directly against those two in GT racing.
Formula E is a corner of the racing world not yet populated by traditional GT marques, where Jaguar will stand out a little better. And of course it's fairly inexpensive.
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