Critical talks continue for Arrows

As the Formula One world heads off to Magny Cours for the French Grand Prix, the future of Arrows still hangs in the balance. The team has been and remains in discussions with shareholders and several potential investors. The outcome of these ...

As the Formula One world heads off to Magny Cours for the French Grand Prix, the future of Arrows still hangs in the balance. The team has been and remains in discussions with shareholders and several potential investors. The outcome of these discussions will determine Arrows' future.

"We have new investors waiting to step in and secure our future, but we still have to come to agreement with existing shareholders", commented Team Principal, Tom Walkinshaw. "Negotiations are detailed and complex but we don't intend to give up. We need more time. We want to do a deal that will satisfy everyone concerned.

"We are still in discussions with all parties and are now moving into the time-consuming due diligence process with some of the potential investors. I have instructed the team to despatch the cars and transporters to Magny Cours this evening and we will do all in our power to compete at the weekend."

The last word for today goes to Tom, "We'll keep on trying and hope that common sense and responsibility prevail. We'll keep you informed."

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Series Formula 1
Drivers Tom Walkinshaw