AUGUST 13, 2002
Pollock flies to London to try to save team
Craig Pollock will be flying to London tomorrow in a final attempt to save the Arrows team. The Scotsman has the backing from California to save the team from going out of business but negotiations with Tom Walkinshaw, the current owner of the team, broke down 10 days ago when it became clear that there problems with the due diligence process which was being carried out by accountants Ernst & Young.
Arrows then tried to go it alone but went back to Pollock a few days ago in an effort to find a solution to keep the team alive and talks since then have been concentrated on looking for a way to go forward. It is now thought extremely unlikely that the team will attend the Hungarian GP and unless the team is owned by Pollock and his investors by Thursday evening it may be the last that is ever seen of the Arrows team. The pressure is therefore on for Tom Walkinshaw to find a solution which will save the jobs of his loyal staff at Leafield.
|Print News Story|