Sunday, January 13, 2013

Pescarolo team goes into liquidation

Sportscar legend Henri Pescarolo has not ruled out continuing as a team owner after his company went into liquidation on Tuesday. The company, known as Pescarolo Team in its final incarnation, was liquidated by a French court after a six-month period during which it was protected under law from its creditors in a procedure akin to Chapter 11 in the US.

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