, Hill scored his first point for the Arrows team. After a failed attempt to buy
Ligier,
Tom Walkinshaw bought 51% of the team. In so doing he bought out Alan Rees' share in March 1996, and the team dropped the Footwork name (though the team was still listed as Footwork in the constructor standings that year). In taking over Arrows, he brought designer
Frank Dernie and several others with him from Ligier and dropped Alan Jenkins, who joined the new
Stewart outfit. Walkinshaw had a history of success in various motor sport categories, having won the
World Sportscar Championship for Jaguar three times, several touring car championships and had been behind
Michael Schumacher's
first world title. At the time, TWR was running the
Holden Racing Team in
Australia with great success. At home, Walkinshaw was operating the Volvo team in the
British Touring Car Championship, and the Volvo and Arrows programmes were operated concurrently. Walkinshaw had plans to turn Arrows into a world championship winning team. To that end in September he signed up World Champion
Damon Hill and hired wealthy Brazilian
Pedro Diniz to
help pay for Hill's salary. His
TWR operation moved the outfit to
Leafield and put a new technical team in place.
John Judd prepared the Yamaha sourced engine, while Dernie made way for
John Barnard who was hired as designer and technical chief. Under an exclusive deal,
Bridgestone supplied tyres. The team nearly secured a maiden victory at the 1997 Hungarian Grand Prix, where Hill started in third position and passed Michael Schumacher to take first place. Hill led comfortably until with just two laps left, a rubber seal in the hydraulic system failed. Hill was overtaken on the last lap but he clung on to finish second. As Hill left Arrows after 1997 season to race for
Jordan, the team contracted Finnish driver
Mika Salo to partner Diniz for the
1998 F1 season. The 1998 season marked a new era for Arrows, as the team decided to build its own engines after buying out
Brian Hart's preparation company. A V10 Arrows T2-F1 was made to power the cars for the team. It proved to be a difficult season, although both cars finished a respectable fourth and sixth at the eventful
1998 Monaco GP, and Diniz went on to score a single fifth-place finish at the wet
Belgian race. Arrows ended up finishing seventh in the Constructors' Championship, with a total of six points. Barnard left the team after a dispute with Walkinshaw, with
Mike Coughlan taking over as technical director. At this point
Zakspeed tried to buy Walkinshaw's shares in Arrows for around $40 million but terms could not be reached and the deal fell through. At the start of the
1999 Formula One season Malik Ado-Ibrahim bought a 25% shareholding in the team, and his T-Minus brand appeared on the cars for most of the year. However, he too could not provide sufficient funding. The idea behind the T-Minus brand was that companies and corporations would purchase the rights to use the name and they would be permitted to use the brand to promote their products. Malik stated that he had intentions to use the brand in conjunction with
Lamborghini but a deal never pulled through. An Arrows employee at the time stated 'The T-Minus brand has brought in absolutely no money over the year' and that 'It was simply a dream in the Prince's head and nothing materialised.' The year was a tough one. Money was tight and the car was a mild update of the 1998 model. A solitary point was scored all season. During 1999, Jackie Oliver sold his remaining shares, leaving Walkinshaw in complete control. A deal with equity company
Morgan Grenfell who bought into Arrows kept the team afloat, but would have long term implications for TWR. The driver lineup also changed when the team brought in rookie
Pedro de la Rosa and 1998 Tyrrell driver
Toranosuke Takagi, who both brought much needed funds. In the 2000 season,
Jos Verstappen returned to Arrows with teammate Pedro de la Rosa, where he had driven in 1996 and his teammate then was
Ricardo Rosset. The chassis was an
Arrows A21 with a
Supertec (rebadged Renault) engine, the in-house built units proving unsuccessful. The Supertec engine was not the most powerful, but was still very good, and had been developed further for the season. Allied to an excellent aerodynamic package and good rear end stability, it allowed the Arrows A21 to set the best straight line speeds consistently around the circuits. An influx of sponsorship from
Orange helped to fund the team. Generally, both Verstappen and de la Rosa were competitive within a close midfield. During the 2000 season, the Arrows team took part in a thirteen-part TV series named
Racing Arrows, which followed the team and drivers throughout the year. It was shown on British TV channel
ITV in 2001 during late-night slots. Supertec was bought out by
Renault at the end of 2000, which could have caused the team to take on expensive customer engines for 2001. As a result, a switch to Asiatech (rebadged Peugeot) V10s in 2001 and the loss of a lot of staff including team manager
Steve Nielsen and designer
Eghbal Hamidy left the team significantly weaker in 2001 when
Tom Walkinshaw decided to replace de la Rosa with F1 debutant
Enrique Bernoldi. The team struggled through the season and Verstappen scored the team's only point in Austria. and
Enrique Bernoldi deliberately failed to qualify as per the instructions of the Arrows Grand Prix team at the
2002 French Grand Prix as the team's financial problems worsened. For 2002, Walkinshaw made a deal to use customer
Jaguar-spec Cosworth V10 engines in order to help Jaguar become a competitive team and retained Bernoldi (with support from Red Bull) but dropped Verstappen in favour of
Heinz-Harald Frentzen, who became available when
Prost Grand Prix closed down. This caused Verstappen successfully to sue for breach of contract. That year also saw a costly payout to Pedro Diniz after unsuccessfully suing the Brazilian, who had
taken his funding to
Sauber for 1999. The team faced a third litigation from Frentzen, who was contracted on a race-by-race basis and who had not yet been paid. Mounting debts including money owed to Cosworth spelled the end. Allied to sponsorship problems, Arrows ran out of money in the mid-season and did not appear at all the races at the end of the year, their drivers deliberately failing to qualify for the
French Grand Prix. Negotiations were undertaken throughout the season with potential investors to buy into the team or buy it outright, such as
Craig Pollock, who had just been ousted from
BAR and twice made an offer for the team, and
Dietrich Mateschitz. The team went into liquidation at the end of the season, also forcing
TWR to close. The FIA rejected Arrows' entry application for the 2003 season prior to start date in Australia. In their chequered history, Arrows set the unenviable record of 382 races without a win, although they collected nine podium finishes (one under Footwork) including five second places. ==Final chapter of Arrows Grand Prix International==