Pollock: potenial buyer of Arrows

alesi95 · 8 Jul 2002, 10:35 (Ref:329241)

According to F1 Live Walkenshaw held breif talks about selling his team. Red Bull as expected are the favourites to buy but were prevented from doing so by some sort of legal reasons. It has been rumoured that Craig Pollock is an interested party and was seen talking to TW all weekend.

**Adam43** · 8 Jul 2002, 11:22 (Ref:329283)

Maybe Jacques could drive for them?

f1manoz · 8 Jul 2002, 11:29 (Ref:329290)

Well, considering the dire straits Arrows appear to be in, choosing Pollock isn't the worst person to try and help.

Nicholas · 8 Jul 2002, 17:26 (Ref:329547)

Pollock was seriously considering buying Minardi in late 2000.

Mania · 9 Jul 2002, 04:30 (Ref:329902)

No surprise really. Whenever theres a shady deal going on, Pollock's name is likely to come up.

Valve Bounce · 9 Jul 2002, 05:12 (Ref:329905)

It appears there are several serious buyers with backing for one of them from Red Bull. However, it all hinges on agreement from Morgan Grenfell who are the main creditors of Arrows and who obviously want to be paid before allowing Arrows to be sold to someone else.
I am sure that when the debts are settled, Walkinshaw will also want to be repaid the money he forked out for the Cosworths for the British GP. And I am sure that Niki will waant to receive the money that Arrows still owes Jaguar for the Cosworths for the previous three races.
No matter who buys Arrows, if the sale goes through, I cannot see Jacques going to Arrows as his salary is just too high for anyone to comtemplate. As it is, Arrows has two very good drivers in Frentzen and Bernoldi. Probably a better duo than Eddie Jordan's, although some would argue otherwise.

Valve[img]http://www.**************************/smilies/bouncy.gif[/img]

Sato san · 9 Jul 2002, 19:49 (Ref:330481)

Bernoldi got alot of unfair critism when he first came into F1 . And now he's slowly changing peoples opinion of him . The guy is a damm good racer and with HHF's experince and consistency i agree that Arrows have got a good driver line up.

They have a good car with a good engine , surley that must make the team a good going corncern even with the debts it has.

senna12 · 10 Jul 2002, 02:44 (Ref:330695)

As I had mentioned on another thread, before I saw this one, the Pollock possibility was mentioned by Gerald Donaldson on the Canadian TV broadcast, and since he is close to both Jacques and Craig, was basically able to verify that the sale of Arrows was indeed the topic of conversation between them this weekend.

As Valve mentioned, since Morgan have the injunction, they hold all the cards.

http://www.grandprix.com/ns/ns06584.html

This story sums up the current state of affairs pretty well. Tom will have to leave for the team to survive. I'm sure many of us are heartbroken

Valve Bounce · 10 Jul 2002, 02:58 (Ref:330696)

Devastated

Valve[img]http://www.**************************/smilies/bouncy.gif[/img]

Sato san · 10 Jul 2002, 07:51 (Ref:330790)

So what time does the party at Steve Nielsen's house start then !

Valve Bounce · 10 Jul 2002, 09:58 (Ref:330896)

He didn't tell me he was having a party?

Are we celebrating teh demise of Tom Walkinshaw from F1 or the rescue of team Arrows by Pollock

I think a wake is more appropos under the circimstances.

Valve[img]http://www.**************************/smilies/bouncy.gif[/img]

senna12 · 10 Jul 2002, 15:58 (Ref:331169)

Quote:

Originally posted by Sato san
So what time does the party at Steve Nielsen's house start then !

As soon as Jos gets there!!

Valve, I get the impression you don't think too much of Pollock. I have seen a couple of interviews with him in the recent past, and I suspect he is better liked, and more highly thought of by other team managers, than we might have thought. I must admit, he certainly came off as quite a bright, personable, and likeable fellow. His problems managing BAR are well documented, and were largely out of his control. I suspect many teams would rather deal with Craig than Tom, at this point. Especially the Arrows drivers, as well.

I know Red Bull are trying to develop this Team USA thing, and Tom tried to get the other team owners/managers to agree to some legal wheeling and dealing to hide his debt and continue, I just hope the other managers have said "enough of this, lets have Morgan Grenfell finish turning the screws and get rid of this guy".

Mr V · 10 Jul 2002, 19:51 (Ref:331339)

Quote:

Originally posted by Mania
No surprise really. Whenever theres a shady deal going on, Pollock's name is likely to come up.

Agreed, it's easy to say that Pollock will be buying any team as he's on the fringes of F1 now! Wouldn't be surprised if his name was linked with Ferrari when Di Montizemallo goes!

Talking of silly rumours..........rumour at Silverstone last weekend was that Walkinshaw had bought 40% of Jordan! About as believable as Pollock buying Arrows!

Maxmil · 10 Jul 2002, 20:40 (Ref:331374)

My take on the Arrows uproar is that Morgan Grenfell will probably install Pollock as a hired gun to run the team. This will happen once some means of setting aside Walkinshaw, who has some degree of ownership rights, but who has clearly run the team into the ground is found. If a new owner can be found to take out Walkinshaw and supply some new capital to quiet the creditors, it does not seem impossible that Pollock might also acquire some degree of ownership in the team, but I doubt that he will really be in control unless a miracle transpires and Morgan gets paid off. I don't think that any one connected with F1 wants to see another team disappear from the grid, so perhaps a greater effort will be made than was in the case of Prost. Bernie's three car scheme is just blowing smoke. F1 needs 10 teams minimum, better yet, 11.

Sato san · 10 Jul 2002, 21:54 (Ref:331427)

how can Polock be hired to run a team when he is on the board of directors at BAR ?

Startline1 · 11 Jul 2002, 01:26 (Ref:331515)

Pollock and Tom, Now there`s a right pair, how`s it go "if the devil cast his net"!!.Add in Bernie and Max then we would have the four horsemen.

Good point Sato,i seem to remember there`s a rule against owning 2 teams,as TW found out with the Pheonix thing.

Maxmil · 11 Jul 2002, 11:18 (Ref:331703)

Quote:

Originally posted by Sato san
how can Polock be hired to run a team when he is on the board of directors at BAR ?

You are dead right. He would have to resign the BAR position first. I had forgotten about that board seat.

JR Ewing · 11 Jul 2002, 12:29 (Ref:331767)

Why??!!

Sato san · 11 Jul 2002, 12:53 (Ref:331790)

mind you , if the rumours that BAR wil sell out to Prodrive in the near future are correct , then Mr Pollock would be free to do what he likes ?

JR Ewing · 11 Jul 2002, 15:26 (Ref:331941)

He can be a director of any company if he wants to be??

Maxmil · 11 Jul 2002, 19:41 (Ref:332091)

Quote:

Originally posted by JR Ewing
He can be a director of any company if he wants to be??

I think, JR, that he cannot own part of a team when he serves as a director of another. That's a pretty clear conflict of interest.

JR Ewing · 12 Jul 2002, 07:49 (Ref:332348)

Of course he can. This isn't the football league! Flav ran enetton, owned Ligier for Kickers (part of the Benetton group) and then owned Minardi as well as being on the board of Supertec.
TW owned Ligier and Arrows at the same time and owned Ligier while still officially involved at Benetton as well. It is a free world in F1.....

Sato san · 12 Jul 2002, 08:14 (Ref:332361)

But are things the same as they were. In todays F1 it is full of Manufactuer backing . In the Days of 94 Ligier and Benneton they had customer engines.

How would HONDA feel if one of the directors of their works team ( BAR) went off and took their develpoment infomation to Arrows to give to Cosworth . And if Pollock remained on the board he would have full access to what Honda has in the piepline for the future . Unless Honda sold an old spec Honda engine to ARROWS for the 2003 season , i cant see Honda letting Pollock remain on the board at BAR.

Sato san · 12 Jul 2002, 08:23 (Ref:332370)

Actually , i think Benneton may have had a V8 FORD works deal , but you know what i meant . Todays F1 is a very different sport to what it was 8 years ago.

JR Ewing · 12 Jul 2002, 12:19 (Ref:332562)

No - he can do as he wishes. As a board director of a company, he has no right to technical information at all - even the team do'nt have tech specs for the engines...

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