After the Monaco GP, there were rumours that Forti would not survive the season without some form of takeover. In the period before the next race, the Spanish GP, Belco Avia boss Arron Colombo announced that a deal had been reached between Guido Forti and an entity known as Shannon Racing for the latter to buy a 51 per cent share of the team. The deal was concluded later in the month, on June 30. Shannon Racing and its parent company FinFirst were Irish-registered sections of a Milanese financial group, and had already established teams in various Formula Three championships and in International Formula 3000 in 1996. The group was keen to move into Formula One, and Forti provided an opportunity for this to happen. It was believed that Colombo had organised the deal, which was scheduled to continue throughout 1996 with an option for , because Belco Avia was owed money by Forti. As part of the management change, Cesare Fiorio left the team to join Ligier and was replaced by Daniele Coronna, whilst designer George Ryton joined from Ferrari.