Behring pulls out of Arrows

The Arrows Formula 1 team's fortunes have taken another substantial blow as stories coming out of Germany report that Oliver Behring, the man behind German Grand Prix Racing, has broken his contact with the team

Behring pulls out of Arrows

Behring was trying to broker the sale of the team to a group of Arab investors, but recent events, chiefly the FIA's refusal to grant the team an entry into the 2003 F1 championship, has brought an end to the German's involvement and places the team's future in great doubt.

"The deal with Arrows is off, and I see no other deal for Arrows," Behring told Spiegel. "And because it's by now too late, I see no future for the team at all even if they still get a license to drive next season."

Arrows is currently in the midst of a High Court dispute with investment bank Morgan Grenfell, which should be settled at some stage next week. If Arrows loses the case it is likely that the team, which last week laid off all its staff, will be liquidated.

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