History
British American Tobacco (BAT) had been involved in Formula One for many years, with several of its brands being displayed on F1 cars run by various teams.
In 1997 the corporation was convinced by Craig Pollock to provide most of the equity to purchase the Tyrrell Formula One team for GB£30 million. Pollock, Adrian Reynard and Rick Gorne were the minority partners. The deal was announced on 2 December 1997. The team was still officially known as Tyrrell in 1998, before it became BAR the following year.
Read more about this topic: British American Racing
Famous quotes containing the word history:
“The second day of July 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated, as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations, from one end of this continent to the other, from this time forward forever more”
—John Adams (1735–1826)
“Don’t you realize that this is a new empire? Why, folks, there’s never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why it’s a miracle out of the Old Testament!”
—Howard Estabrook (1884–1978)
“He wrote in prison, not a History of the World, like Raleigh, but an American book which I think will live longer than that. I do not know of such words, uttered under such circumstances, and so copiously withal, in Roman or English or any history.”
—Henry David Thoreau (1817–1862)