SEPTEMBER 12, 2002
The FIA in action against Arrows..
Whatever the case, the future of Arrows will now depend entirely on what happens when the next winding-up petition is heard later this month or early in October. There is also the question of the law suit between Arrows and Morgan Grenfell on whether or not the team owes the bank $92m.
Some of the signatories of the Concorde Agreement are worried that the document is being sidestepped by the team and that if Arrows can stay out of insolvency until after the Japanese GP in mid-October it can then spend the winter being completely reconstructed. Claims from other teams that Arrows is insolvent and should therefore be excluded from the World Championship cannot be proved and so the team could escape any sanction.