Phoenix Finance (otherwise known as DART Grand Prix[1]) was a British banking company which attempted to enter the 2002 and 2003 Formula One seasons.
The team hoped to enter Formula One at the next round, the Malaysian Grand Prix.
F1 supremo Bernie Ecclestone claimed of Charles Nickerson at the time that "He has bought nothing in Formula One.
[6] Phoenix also claimed that along with several other assets, they had also bought the Prost entry into Formula One, which in their view, meant that they did not have to pay the $48 Million fee to the FIA.
Appearing in Malaysia with engineers, two Prost cars and their two drivers, they planned to race but were barred by officials.