Frentzen heads queue of creditors seeking to wind up Arrows team

Ian Gordon

A court in Leeds adjourned a winding up petition brought against Arrows Grand Prix International by Champion Recruitment Limited for 28 days after the latter were paid.

“Arrows is delighted that its creditors and the court have given the company a chance to secure the best possible future and the company remains committed to achieving this,” Arrows said in a statement issued after the adjournment.