This latest ‘up’ has it’s roots in a series of quotes given by Oliver Behring, an investment banker for Asset Trust & Partners. According to Behring, his company has bought a 60% stake in the Arrows team for $50million, in the name of a currently unregistered company called German Grand Prix Racing GmbH. The expectation is that a member of Dubai’s ruling family, Prince Sheikh Ahmed bin Saeed Al Maktoum, will make a serious investment in the team. This falls neatly in line with debates that the team will not be saved for real unless the FIA approve their application to enter the 2003 championship.

On that very subject, the 37 year old, has indicated that there is an agreement between Tom Walkinshaw and the FIA that Arrows will be allowed to enter the 2003 championship. According to interviews with the German press there is “a 99.95% chance” that this will happen. Behring has also insisted that Morgan Grenfell are no longer an opposition to the team’s future, although the fact that there is a court hearing in early December - concerning a claim over securities from the investment company - throws this statement into doubt.

The doubt over his words doesn’t stop there either. He has admitted that he has had talks with potential drivers, including Jos Verstappen and Fernando Alonso. This is despite Alonso being confirmed with Renault, and strong rumours that Verstappen is destined for a seat in a Cosworth powered Minardi.

One thing is certain - things are definitely not dead behind the scenes at Arrows and, as always, AllAboutArrows.co.uk is right behind the team and it’s staff.

Go go go Arrows!

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