The Arrows Grand Prix International team was founded in 1977, by Italian financier (someone who handles lots of money) Franco Ambrosio, Alan Rees, Jackie Oliver, Dave Wass and Tony Southgate when Rees, Oliver, Wass and Southgate left the Shadow team. They named the team after the first letter of each person's last name in order, spelling out AROWS. The name was then changed to the correct spelling of Arrows.