![]() But, it seems, that was still not enough.Ītlas F1 has attempted to unravel the way in which Walkinshaw ended up in a contractual nightmare which left Cosworth commercial director Bernard Ferguson admitting there are so many injunctions connected with Arrows Grand Prix, that nobody was truly sure what they could and could not do during the dealings which led to Walkinshaw dipping into his own pocket to fund the crucial continuation of the team. He was faced with the total collapse of his Formula One business when, two months in debt with Cosworth, he was forced to find $4.75 million in less than 48 hours. His TWR (Tom Walkinshaw Racing) group, which to a certain extent runs Arrows Grand Prix, is a major player in the motoring world and is even involved with the development of a Grand Prix circuit on the outskirts of Moscow.īeneath the hard exterior lies a very complicated man with a very astute mind - and a real fighter. Walkinshaw, a greatly respected member of Britain's Rugby Union elite as owner of Premiership side Gloucester, is believed to have upwards of 140 companies under his control and his complicated web of business schemes involve many areas of British industry. But the fact that the stocky Scotsman is one of the canniest operators in Formula One's 'Piranha Club' left many astonished that such a situation could be played out in one of the most high-profile events on Britain's sporting calendar. ![]() The news of Arrows boss Tom Walkinshaw's precarious financial position, which reared its head in the form of an amicable but embarrassing head-to-head with engine suppliers Cosworth last weekend, came as no surprise to many. In the most detailed chronicle published to date, Will Gray unravels the wrangles and hindrances that Walkinshaw has been facing over the last four years, and those he is likely to face further in the near future. The news that Arrows Grand Prix are in dire financial situation came as little surprise to the Silverstone paddock, but as events unfolded over the weekend it became shockingly clear just how deeply tangled team owner Tom Walkinshaw has gotten himself, in attempts to prolong the existence of his dream - to run a successful F1 team.
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