Kammala wannan jumla: A ranar 13 ga Fabrairun 1997, Prost ya sayi ƙungiyar Ligier daga Flavio Briatore kuma ya sake masa suna "Prost Grand Prix". Ranar da ya sayi ƙungiyar, Prost ya sanya hannu kan yarjejeniyar shekaru uku tare da kamfanin kera motoci na Faransa Peugeot, wanda zai samar da ƙungiyar tare da injina daga har zuwa. A kakar wasa ta farko ta kungiyar, Prost ya ci gaba da kasancewa daya daga cikin direbobin Ligier na 1996, Olivier Panis, wanda ya lashe Grand Prix na Monaco a shekarar da ta gabata; An sanya hannu kan direban kasar Japan Shinji Nakano tare da abokin aikinsa Panis. Tawagar ta yi tsere da injunan Mugen-Honda da Ligier ya yi amfani da su a kakar da ta gabata, yayin da motar ta kasance ainihin Ligier JS45 da aka yi niyya, amma an sake masa suna Prost JS45. Abubuwa sun yi alkawari a farkon kakar wasa, yayin da kungiyar ta dauki maki biyu a gasar Grand Prix ta farko a
Australia lokacin da Olivier Panis ya gama na biyar. Tawagar ta ci gaba da zira kwallaye 13 kafin Panis ya karya kafa a wani hatsari a lokacin Grand Prix na Kanada. An maye gurbinsa da Jarno Trulli na Minardi. Daga can, abubuwa sun fara sauka a hankali, ƙungiyar ta sami maki biyar kawai yayin da Panis ke murmurewa. Ya dawo a karshen kakar don yin tsere a cikin Grands Prix uku na ƙarshe. Prost GP ya gama na shida a Gasar Masu Zane a farkon kakarsa, tare da maki 21.