JULY 4, 2002
Arrows apply for extension
The team had to have the cars scrutineered by 4pm on Thursday but as Arrows has no chassis at Silverstone it did not happen. It is believed that the cars stayed at the factory to avoid the possibility that they would be seized by one of the creditors.
The team is expected to fight-on overnight to try to find a solution but as each hour passes it is more and more likely that Formula 1's least successful team is finally going to go out of business.