The Arrows Formula One team today announced they would not be sending a team to this weekend's Hungarian Grand Prix. The financially-troubled team are in talks with parties interested in injecting cash.
They released a statement which read: "Arrows Grand Prix International today confirms that it remains in detailed discussions with potential investors. In the light of this, Arrows has been advised to do nothing that could interfere with these discussions and that the Orange Arrows team should not compete in the Hungarian Grand Prix this weekend."
Arrows hopes to be in a position to make a further statement in the near future.
Filed by Shane Murray
