Pescarolo Placed in Receivership.

Pescarolo LM24 2009 Qualifying

Image Courtesy Marshall Pruett/SpeedTV.com

After being engaged in a very public battle for survival for many months, the future of PescaroloSport has suffered a terminal blow.

As of 13/07/10, Pescarolo has been placed under receivership by the Tribunal de Commerce of Le Mans.

Having already had its accounts investigated while under administration, the team’s assets and finances were deemed as unable to allow any recovery.

Intellectual property pertaining to the current chassis/future development has fallen under the domain of OAK Racing.

Now removed from the team bearing his name, his legacy now in ruins, Le Mans legend Henri Pescarolo is justifiably distraught.

After eight, wonderful years, the dream is now over.

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