Phoenix Finance's Failed F1 Entry
A consortium fronted by Phoenix Finance — run by Charles Nickerson, a friend of Arrows' Tom Walkinshaw — purchased the team's assets, believing that together with their purchase of old Arrows assets, specifically the engines, it would gain them entrance for the 2003 season. However, the FIA viewed the consortium as a new entry (subject to an entry fee) and the project did not go ahead.
Read more about this topic: Prost Grand Prix
Famous quotes containing the words phoenix, finance, failed and/or entry:
“A phoenix it is
This hearse that must bless
With aromatic gums
That cost great sums,
The way of thurification
To make a fumigation,
Sweet of reflare,
And redolent of air,”
—John Skelton (1460?–1529)
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (1870–1924)
“Out of the darkness where Philomela sat,
Her fairy numbers issued. What then ailed me?
My ears are called capacious but they failed me,
Her classics registered a little flat!
I rose, and venomously spat.”
—John Crowe Ransom (1888–1974)
“When women can support themselves, have entry to all the trades and professions, with a house of their own over their heads and a bank account, they will own their bodies and be dictators in the social realm.”
—Elizabeth Cady Stanton (1815–1902)