After a failed attempt at purchasing Ligier, Walkinshaw instead bought a majority stake in the Arrows in 1996. The following year, Arrows surprised the world by signing World Champion Damon Hill and introducing Bridgestone tyres to Formula One. Although the team nearly won the 1997 Hungarian Grand Prix, Arrows continued to have trouble attracting sponsorship, and following the liquidation of Arrows, TWR being the major shareholder of the outfit, soon followed suit, closing its doors in 2002 with no major success with the team. TWR Australia was quickly acquired by Holden. The TWR technical centre at Leafield was sold and would later become the headquarters of the now defunct Super Aguri F1 and later Caterham F1 teams.