SPAIN: FRENCH FORMULA ONE TEAM PROST GRAND PRIX WAS PLACED INTO RECEIVERSHIP BY A COURT IN VERSAILLES

Record ID: 647168

  • Title: SPAIN: FRENCH FORMULA ONE TEAM PROST GRAND PRIX WAS PLACED INTO RECEIVERSHIP BY A COURT IN VERSAILLES
  • Date: 1st February 2000
  • Summary: BARCELONA, SPAIN (FEBRUARY 1, 2000) (REUTERS) 1. JEAN ALESI LEAVING PITS IN LAST YEAR'S PROST CAR 2. TEAM BOSS ALAIN PROST WATCHING 3. ALESI DRIVES BY Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 16th February 2000 12:00
  • Keywords:
  • Location: BARCELONA, SPAIN
  • Country: Spain
  • Reuters ID: LVABKMWQ7DXN8CFL0JHIKB7RQH18
  • Story Text: French Formula One team Prost Grand Prix was placed
    into receivership by a court in Versailles on Thursday, a
    court spokeswoman said.



    The French constructor will be monitored by the court
    for a period of six months. Judge Franck Michel has been named
    the team's administrator, the spokeswoman added.

    The French constructor was due to make a statement later
    and a news conference was being held at 1530 GMT.

    A Prost Grand Prix spokeswoman declined to comment on
    reports that Prost was in serious financial difficulties.

    Prost, a four-times world drivers' champion, told sports
    daily l'Equipe: "I had a meeting with my staff on Wednesday to
    explain the situation and the possibilities. I have another
    meeting on Thursday but I cannot say anything."
    Prost has had difficulty finding sponsors in time to pay
    Ferarri, who provide the French team with engines.

    The Formula One circus has 11 teams at present, including
    Prost, and Toyota will join next season.

    Prost scored four points last season from 17 races.


  • Copyright Holder: REUTERS
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