In March 1996, Tom Walkinshaw acquired a controlling interest in the team by buying out Rees. Walkinshaw controlled 40% of the shares with an associate Peter Darnbrough buying 11% and Oliver retaining 49%. The team was renamed TWR Arrows for the remaining part of the 1996 season (but continued to be recognised as Footwork by FIA until 1997 as mid-season constructor name changes are not permitted). Jos Verstappen scored with a 6th place in the Argentine Grand Prix, the last ever point for Footwork in Formula 1. The team finished 9th in the Constructors' Championship, as they had done in 1993 and 1994.