Pollock confident of Arrows deal

Pollock said earlier in the Hungarian Grand Prix weekend that the potential deal had been complicated by the non-appearance of Arrows in Hungary. The team faces possible sanction at the discretion of the FIA and, indeed, the possibility of being declared insolvent.

Pollock, however, said on Sunday morning in Budapest: "I'm confident something will happen. I wouldn't have said that yesterday but I haven't had a lot of sleep.

"I have a group of American investors that are convinced they should keep their eye on the Formula 1 scene and obviously the team that came up was Arrows. Tom Walkinshaw had three potential purchasers and announced to the world that I was one of them, so there was no point in denying it anymore, although it's not something I really wanted out in the open until the deal was actually done.

"The way it stands today, I think we are very close to concluding some form of agreement between ourselves and Arrows, which has taken close on four months to get to this stage. But nothing has been signed. The reality is to save the team as it is and start with a new sheet of paper."

Quite what would be included in any deal and what would come under the auspices of Walkinshaw's TWR company is unclear and Pollock could not throw any light on that. "Doing due diligence you sign a confidentiality agreement and I can't get into any form of detail," he said.

The team is understood to have a Cosworth engine contract for next year, however, and Pollock has appeared very close with Olivier Panis of late. The Frenchman, of course, is still on the driver market for next year.