On 13 February 1997, Prost bought the Ligier team from Flavio Briatore and renamed it "Prost Grand Prix". The day after he bought the team, Prost signed a three-year deal with French car manufacturer Peugeot, who would supply the team with engines from until . For the team's first season, Prost kept one of Ligier's 1996 drivers, Olivier Panis, who had won the Monaco Grand Prix the previous year; Japanese driver Shinji Nakano was signed to partner Panis. The team raced with the Mugen-Honda engines used by Ligier the previous season, while the car was actually the originally intended Ligier JS45, but was renamed the Prost JS45. Things looked promising at the start of the season, as the team picked up two points on its Grand Prix debut in Australia when Olivier Panis finished fifth. The team scored a further 13 points before Panis broke his leg in an accident during the Canadian Grand Prix. He was replaced by Minardi's Jarno Trulli. From there, things started to go downhill slightly, the team scored only five points during Panis's recovery. He came back at the end of the season to race in the last three Grands Prix. Prost GP finished sixth in the Constructors' Championship in its first season, with 21 points.