Arrows confirms team buy-in

The troubled Arrows Formula 1 team has announced it has signed a contract with unnamed German-based investors

Arrows confirms team buy-in

In a short press release, Arrows confirmed the deal, which will bring vital money to the cash-strapped outfit. The team missed six out of the final seven races of the season due to budgetary problems and had looked set to drop out of Formula 1 altogether.

Rumours of possible buyers for the Arrows team have been circling for some time. The squad did not name the German investors referred to in the press release, stating that the deal must remain confidential until it had been fully completed.

Arrows are also due to return to court this week for a hearing that was adjourned in September. The team has sought the protection of the court in order to provide the time it needs to achieve completion of the new deal.

If Arrows is to race in F1 next season it will have to register its entry with the FIA by Friday.

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Arrows Confirm Contract with German Investor

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