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History Founded in 1977 by Jackie Oliver and Alan Rees, Arrows is currently the oldest F1 team never to have a won a GP. Their most successful season was 1988 when Eddie Cheever and Derek Warwick took them to 5th place in the constructor's championship. In 1989 the team was bought by the Japanese courier company Footwork. In 94 following Footwork's financial problems, Oliver and Rees regained control of the team although the Footwork name lingered on (as far as the car designation is concerned) due to FOCA rules which meant that the team would have lost their travel money from FOCA if they had switched names - this rule could have been waived with the consent of all the teams but Ron Dennis and at least one other refused to sign off on the waiver. In 1996, having been unable to gain full control of Ligier, Tom Walkinshaw bought the Arrows team bringing in many of his TWR people from Ligier. The name of the TEAM has been changed to TWR Arrows but the car is still designated as a Footwork. In September, after Williams announced that they would not retain Damon Hill, Arrows made the shock announcement that they had secured the World Champions services for 1997. With a new driver, engine supplier and tyre supplier, TWR Arrows looks set to improve considerably on last years uninspiring 9th place performance. |