Eurobet leave Arrows.

Eurobet have confirmed that they will not be sponsoring the Arrows GP team this season despite agreeing a three-year deal in 2000.

A spokesperson for Eurobet said their was a get out clause after one year and that the company has exercised it. Last year Eurobet made losses of over ?50 million.

Eurobet are not believed to be the only sponsor leaving the team rumours also suggest that Cello has withdrawn their backing too. Arrows are expected to announce new backers this week.