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
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