Time running out for Prost?
Alain Prost has today admitted that his team - Prost Grand Prix - could face liquation by mid-January.
The Prost team has debts of around ?20 million and was placed into receivership last month.
Prost told French newspaper Les Echos: "If, by January 14, I have found no partners, it will very likely mean the liquidation of Prost Grand Prix."
Prost added: "Two or three projects seemed very serious. We pressed forward with one and thought we would sign a deal. But in the end we realised that the partner would not bring financial security for the firm."
Alain Prost has today admitted that his team - Prost Grand Prix - could face liquation by mid-January.
The Prost team has debts of around ?20 million and was placed into receivership last month.
Prost told French newspaper Les Echos: "If, by January 14, I have found no partners, it will very likely mean the liquidation of Prost Grand Prix."
Prost added: "Two or three projects seemed very serious. We pressed forward with one and thought we would sign a deal. But in the end we realised that the partner would not bring financial security for the firm."
Les Echos claims that the deal was with an investment fund.
Prost has been linked with three potential partners in recent weeks - Saudi Prince Al Waleed, drinks giant Interbrew and a Canadian group called Vector Motor Sport - currently though nothing has been agreed that might save the team.
