SEPTEMBER 12, 2002
FIA does nothing about Arrows
The FIA has announced that it has no plans to take any action against the Arrows team at the moment. The Federation noted that the team has missed the recent races and said that "if this failure were due to insolvency, Arrows would lose its rights under the Concorde Agreement. However, at present the FIA has no hard evidence that Arrows' absence is due to insolvency rather than to some other cause".
The FIA concluded that in the circumstances it will wait until various negotiations and proceedings relating to Arrows have been concluded before considering any formal action.
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