MARCH 12, 2002
FIA not to allow Phoenix to compete in 2002
The FIA released the statement, "Having examined the judgment of the Tribunal de Commerce de Versailles (the court overseeing the liquidation of Prost Grand Prix), FIA's advisers have noted that the court has not transferred Prost Grand Prix itself nor made any attempt to transfer the Prost Grand Prix entry in the 2002 Formula One world championship, either to Phoenix Finance Limited or to Mr. Nickerson".
A spokesman for the ruling body added, "Phoenix will not be allowed to compete in the championship at any time this season and will therefore not be on the grid in Malaysia".
The team responded, through a spokeswoman, "We have just been notified of FIA's decision but it is too early to say what we will do. We need to sit down and talk about our options".