 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 % share of the team . The deal was concluded later in the month , on June 30 . Shannon Racing and its parent company <unk> 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 1997 , 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 <unk> , whilst designer George Ryton joined from Ferrari . 
