Feb.10 (GMM) Guy Ligier is set to buy into the beleaguered former French grand prix venue Magny Cours.

The Circuit de Nevers featured on the formula one calendar between 1991 and 2008, meaning France is no longer represented on the sport's annual schedule.

79-year-old Frenchman Ligier's eponymous F1 team was headquartered at Magny Cours before it was sold on and renamed by Alain Prost in the 90s.

The regional Le Journal du Centre newspaper said the Ligier/Magny Cours deal is to the tune of EUR400,000.

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