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Old 30 Dec 2001, 21:40 (Ref:191692)   #1
NiceGuyEddie
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Heinz to Arrows

At the forum at the HH Frentzen site, I came across this one:

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Earlier this day, december the 30th, Team Arrows announced that they've secured the services of Heinz Harald Frentzen for the 2002 campaign. As it seems, Jos Verstappens contract will be subjected to a buy out, performed by entrepeneur and Minardi teamboss, Paul Stoddart. Bernoldi looks set to take the second seat at Arrows. More news will follow.
No source mentioned.

Could anyone confirm?
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Old 30 Dec 2001, 21:51 (Ref:191700)   #2
Nicholas
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I didn't know about Jos' contract buyout. Should be good for Minardi. Everything else is covered in a thread lower down the page.
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Old 30 Dec 2001, 22:25 (Ref:191719)   #3
steve nielsen
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Still no news from Arrows , so this story is'nt true.

And like Jos said in his interview with RTL5 this week:"there is no buy out option in my contract"
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Old 30 Dec 2001, 22:59 (Ref:191727)   #4
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Surely a buy-out wouldn't be mentioned in a contract? :confused:
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Old 30 Dec 2001, 23:09 (Ref:191730)   #5
NiceGuyEddie
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Tha fact that the Arrows-site doesnt mention anything, doesn't mean this isn't true. Unless you badly want this not to be true.


Even if there the buyout-option isnt explicitly mentioned in a contract, that doesnt mean a contract can not be sold. Apperantly Stoddard is interested in Jos and Arrows is interested in getting rid of him in favour of Frentzen. So a deal can be easily made. A matter of demand and offer.
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Old 30 Dec 2001, 23:39 (Ref:191737)   #6
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Ah...

Another rumour is that Heinz himself is going to buy-out Jos' contract, but personally I think it is more likely that Minardi will buy him out.
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Old 31 Dec 2001, 01:03 (Ref:191774)   #7
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.....and as Heinz knows, contracts don't seem to be worth the paper that they are written on.
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Old 31 Dec 2001, 07:22 (Ref:191827)   #8
steve nielsen
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Heinz actualy denied it himself already
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Old 31 Dec 2001, 10:13 (Ref:191845)   #9
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Originally posted by NiceGuyEddie
Even if there the buyout-option isnt explicitly mentioned in a contract, that doesnt mean a contract can not be sold. Apperantly Stoddard is interested in Jos and Arrows is interested in getting rid of him in favour of Frentzen. So a deal can be easily made. A matter of demand and offer.

Yeap, but, if buyout is not an option in the contract, than the driver is not obliged to go to drive for whoever buys out his contract - he can simply collect his fee, and leave.
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