Le Mans legend Henri Pescarolo's squad is on course to return to the track in 2011 after he regained the assets of his team at a bankruptcy auction.
Two Pescarolo 01 LMP1 chassis and all the team's equipment were purchased by OAK Racing boss Jacques Nicolet and Joel Riviere, the owner of the Prestige Racing driving club, when they were auctioned last week. Everything was immediately handed over to Pescarolo, who has been trying to put a team back together since the summer.
Pescarolo, who ceded ownership of his team to the Sora composites group in late 2008, said: "I went to the auction thinking everything in the workshop was going to disappear, but I ended up being given the keys. I have been loaned everything for a year, so now I have the tools to restart my team. It is up to me to find the budget, which I know is not going to be easy."