After a 38 years involved with motor sport, Ken Tyrrell has quit Formula One today along with his son Bob Tyrrell.

Tyrrell stated that the desired direction of the team was creating vast differences between himself and Craig Pollock, Reynard, and British American Racing whom will assume control of the team at the end of 1998. As a result, he expressed that the best option was to leave immediately.

Pollock proclaimed his regret, but emphasized that the decision was inevitable since discussions began regarding the 1998 season. He stated, "...our respective agendas are probably too far apart for the arrangement to work in the way we had planned."

Harvey Postlethwaite assumes control of the team for the 1998 season opener at the Australian Grand Prix in Melbourne on March 8th.