Formula One: Twenty-five years of motor racing history will be sold off this week as the assets of the Arrows Formula One team go under the hammer. The British Formula One team went into liquidation in January after attempts to sell the Grand Prix firm as a going concern collapsed.

Now everything from complete racing cars to a testing wind tunnel are to be sold in a two-day simultaneous on-site and webcast sale tomorrow and Thursday from the team's Oxfordshire premises.

The team, founded in 1978, had to lay off the 300 staff employed at its Leafield Technical Centre in Witney in December when receivers were called in. With French team Prost also recently wound-up, there are now just 10 Formula One teams left.

Meanwhile, Michael Schumacher has criticised the new points system after taking the lead in the World Championship for the first time with victory in the Canadian Grand Prix on Sunday.

The German's triumph took him three points clear of McLaren's Kimi Raikkonen, who finished sixth. But the Ferrari driver is unhappy the lead at the midway point is so slender - he led by 43 points at the same stage last year - even though he has won four races out of eight compared to Raikkonen's solitary triumph.

The top eight drivers get points this season instead of the leading six finishers, with second place now worth eight points instead of six.

"If you imagine that one wins one race and the other wins four races and there's only three points difference, you think whether that's right or wrong," said Schumacher. "I am probably not so pleased with it. But it is important to be leading the championship in what I have always said will be a hard season with a tough fight to the end."