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Flashback: Collapse of the Prost Grand Prix F1 Team

The final straw for Alain Prost's Formula 1 team came on this day, 28 January 2002, when it collapsed with debts of US $30-million attributed to the global economic downturn in the wake of terrorist attacks in the United States at the time. No saviour was found for a team that was expected to succeed. France's four-time F1 World Champion leading the project, his illustrious driving career plus experience, were expected to be the ticket to its success when Prost Grand Prix was born in 1997. Prost bought the old Ligier team, one of the ‘French-est' teams in the sport's history, with the use of the team's JS45 chassis powered by Mugen Honda. He acquired the team from Flavio Briatore,...
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