Thursday 13th February 1997

Alain Prost bought out Ligier to set up the Prost Formula One team. Ligier had been in the sport since 1976 but hadn’t been a serious contender since the late 1970s and early 1980s. The Prost team experienced some success in its first year, scoring two podiums and finishing sixth in the constructors’ championship. However, it failed to match that performance again and finally went bust in 2001.