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Prost arranging sale

PROST GRAND PRIX have appointed Credit Suisse First Boston to look at arranging a sale for the French Formula One team priced at around 45 million.

Interested bidders are thought to include Hidden Creek, the US private equity firm, and Canadian motor racing company Vector Motor Sports.

Prost, however, are remaining tight-lipped about the developments.

Team owner Alain Prost, despite being one of the most successful drivers in Formula One history, has endured a miserable year with his team.

Prost have rarely been competitive since he took over the team in 1997, and Prost's relationship with engine supplier Peugeot is coming to a close at the end of the season.

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