Owner of the Formula 1 team AGS from March 1989 to 1991, he swallowed $18 million and began selling activities of his group, about 70 companies: First Transair, then the sugar factory, sold to the "Compagnie de Navigation Mixte", and in 1992, the catalog movies, lent to UGC in the form of a merger. In 1991, he gives AGS the Italians Gabriele Rafanelli and Patrizio Cantu.