Prost Grand Prix team ordered into liquidation

A Paris court today ordered the Formula One team of Alain Prost to be put into liquidation after it failed to find a sponsor or buyer for the debt-riddled team.

Prost, the four times world champion driver, filed for bankruptcy in November, attributing the move to poor results and a bad economic climate. The Prost Grand Prix team has not won a race since it was formed five seasons ago.