Arrows - Saved???

[Burton]

I have heard rumours that Arrows have been taken over and any staff that haven't found other work have been asked to come in and will be paid in full.
Has anyone else heard anything? They are going to struggle to get anything good for next year as most of the mechanics now work elsewhere, also what's been happening with the design for a new car etc?

[Yoong Montoya]

I didn't hear anything. I think Arrows are gone for good.

[Damon]

They're only meant to have 2 staff on the pay roll now. Thats one hell of a work load if they do return.

[Yoong Montoya]

Originally posted by Damon
They're only meant to have 2 staff on the pay roll now. Thats one hell of a work load if they do return.

And who would those 2 be? Bernoldi and Walkinshaw?

[f1manoz]

I doubt this. Arrows are dead as the dodo.

[Valve Bounce]

Originally posted by Burton
I have heard rumours that Arrows have been taken over and any staff that haven't found other work have been asked to come in and will be paid in full.

I categorically deny anything to do with this rumour - I had nothing to do with it, it wasn't me. It was someone else.

[Maisie]

I spoke to a TWR employee on Friday, who said simply "No firm news, but don't write us off yet." There's still hope, and I would very much like to see the Arrows team back on the grid.

[Valve Bounce]

Maisie, we all would. It is a tragedy whenever the F1 grid loses a good team, and Arrows certainly had potential. However, unless somebody buys it (which would be silly really), then I cannot see Arrows coming back. It would probably be much cheaper to put the 48 mill. refundable deposit down, and a whole lot less problematic.
The big problem for any team wanting to come into F1 (or dsilly enough to buy Arrows) is to find a decent engine. I don't think there are any available anymore, unless they can afford the customer Ferrari.

[Armco Bender]

You'd have to beleive in Santa Claus and the Tooth Fairy if you think Arrows will be fronting up in 2003.Whatever happened with the Prost/Phoenix thing,did that just die a natural death after Bernie said they couldnt race this year?

[Wrex]

Valve, your hypocracy knows no bounds. Are'nt you the same VB that put a hex on Arrows and Tom Walkinshaw?

[Valve Bounce]

Wrex, the hex was on TW, not on Arrows. That was for TW to lose his hair and his libido. It wasn't supposed to cause the downfall of Arrows. I don't miss TW from F1 at all - but I'd like the team to survive one way or another. Don't think it will though.
What did you think of Media Puzzle? Picked it in the Sweep today - fair dinkum!!

[Valve Bounce]

Here's a littel update for you.

From Grandprix.com:

The future of Arrows
The website www.allaboutarrows.co.uk is reporting that a solution has been found for the future of the Arrows team and that the staff will soon be paid. The information apparently comes from Arrows staff who have been using the discussion boards of the fan website to keep in contact with one another.

It is said that a deal was signed last Thursday with a group calling itself the "European Consortium" but beyond that it is all speculation as to who might be involved. While this may sound like good news it is hard to see if there is any real foundation to the stories. There are still two key law suits outstanding which would need to be solved in order for the team to be sold. The only way around the problem would be if Deutsche Bank, which owns a big chunk of the team, decides to invest even more money to try to dig the team out of trouble. This could have been done months ago and was not and it is hard to see why that attitude would change, particularly as the issue of the team missing races has now created further hurdles because of breaches of the Concorde Agreement.

On top of this there are all the practical problems including what engines the team could use and who will build the chassis.

[Guy Goddard2]

Is it logical to assume Bernoldi will be in the second Minardi due to his sponsership and the fact he is a half decent driver?

[Total-F1]

Originally posted by Maisie
I spoke to a TWR employee on Friday, who said simply "No firm news, but don't write us off yet." There's still hope, and I would very much like to see the Arrows team back on the grid.

The employee?

They won't be back next year.

[Maxmil]

Originally posted by Armco Bender
You'd have to beleive in Santa Claus and the Tooth Fairy if you think Arrows will be fronting up in 2003.

Good statement AB. You are right on!

[Speeddemon555]

Twenty car field next year.

[M Coupe]

Originally posted by Total F1

The employee?

There is a lot more to TWR than Arrows.

[Valve Bounce]

Yeah, like Phart. After all the TW propaganda and threats of lawsuits, that one eventually dissipated like any other bad smell. TW was even going to be involved in the technical side of that Phoenix/Dart/ex-Prost debacle.

[SFonseca]

Crash.net is saying that Audi could save Arrows

[avsfan733]

thats wat i am hearing

[Valve Bounce]

Funny, because Audi have been denying any interest in F1.

[Armco Bender]

Some one needs to get an oak stake out and kill off Arrows finally once and for all.

[Stephen Green]

On Reuters newswires thisafternoon (Friday)

Arrows Formula One team are close to negotiating a takeover deal to rescue the team just seven days before the deadline for entries to be submitted for the 2003 world championship.

The cash strapped Oxfordshire based team are in final talks with a German company called Asset Trust and Partners over a buy-out, sources close to Arrows who did not want to be indentified said on Friday.

But they must beat the November 15th deadline to submit applications to the sports governing body the FIA to take part in next years championship.

[Super Tourer]

What's the betting the FIA let Arrow's miss this deadline, they've let them miss races.....

Bernie is obviously desperate to keep Arrows in F1.

[Stephen Green]

If it means a 22 car grid then who can blame them. I would do the same if it meant more cars racing next year and of course the paying public will want to see as many cars as possible too!