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:
“And there’s a score of duchesses, surpassing womankind,
Or who have found a painter to make them so for pay
And smooth out stain and blemish with the elegance of his mind:
I knew a phoenix in my youth, so let them have their day.”
—William Butler Yeats (1865–1939)
“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)
“It’s the old captain’s dark fate
Who failed to find or force a strait
In its two-thousand-mile coast;
And his crew left him where he failed,
And nothing came of all he sailed.”
—Robert Frost (1874–1963)
“All mothers need instruction, nurturing, and an understanding mentor after the birth of a baby, but in this age of fast foods, fast tracks, and fast lanes, it doesn’t always happen. While we live in a society that provides recognition for just about every life event—from baptisms to bar mitzvahs, from wedding vows to funeral rites—the entry into parenting seems to be a solo flight, with nothing and no one to mark formally the new mom’s entry into motherhood.”
—Sally Placksin (20th century)