JANUARY 28, 2002

Prost Grand Prix goes out of business

THE Prost Grand Prix has been put into liquidation by a commercial court in Versailles after team boss Alain Prost failed to find a solution to pay debts of $28m. The company has been in receivership since the end of November but no rescue package has been possible to date. The assets of the team will now be sold off by the courts.

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