[2] It was to be financed by wealthy Mexican businessman Fernando González Luna, who was reported to be investing around $20 million in the team, and it was to be run by former Italian journalist Leopoldo Canettoli.

The young team had approached Italian sports car manufacturer Lamborghini, to not only supply them with their latest V12 Formula One engines, but to also design and build the chassis.

By the summer of 1990, they had completed the process and had a rolling chassis ready for testing, only for González Luna to disappear, taking all his money with him.

It then installed Italian industrialist and former Fila boss Carlo Patrucco as Team Principal, and entered the 1991 Formula One season with a new identity.

Both cars faced pre-qualifying for the first half of the season and each driver only made it through into the race on one occasion - Larini coming 7th at the opening United States Grand Prix, and van de Poele running 5th at the San Marino Grand Prix, and on course for 2 world championship points, before a problem with the fuel system brought him to a halt on the last lap, within sight of the flag, resulting in van de Poele being classified as 9th.

By mid-season, the team were in financial difficulty, unable to secure any meaningful sponsorship and Lamborghini refusing to release any additional funds.

Though the team was now clear of pre-qualifying when the process was reorganised, thanks to a count-back to Larini's 7th place at the 1991 United States Grand Prix, they were unable to make any progress.

Amid these uncertainties, Modena Team independently engaged Sergio Rinland to design a car for the 1992 Formula One season.