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Formula 1
On this day in Formula 1, in 2003, Arrows met their demise after struggling through their final couple of years.
One of F1’s most beloved teams officially withdrew from the sport on this day, back in 2003. After a tediously long and drawn out goodbye, the team which had started 382 races without ever managing a win, went into liquidation and a large portion of its assets were sold to Minardi.
From promising beginnings, drawing on the expertise of several industry veterans such as ex-Shadow Team Principle Alan Rees and former racing driver Jackie Oliver, the team was formed in November of 1977 and made their first competitive appearance at the 1978 Brazilian Grand Prix – a turnaround time of just 3 months!