MARCH 29, 2002
Walkinshaw lands a big fish
The deal should help Walkinshaw with the funding of the Arrows F1 team, which has been something of a worry in recent years.
It is also possible that there is some involvement of the various parties in the Phoenix Finance Ltd. bid to buy the assets of Prost Grand Prix, a program to which Walkinshaw was linked. This is pure speculation but it would help to explain the desire of the parties involved to make the deal happen.
The whole business is now believed to be in the hands of lawyers.