Changing hands

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This team participated in 4 Grands Prix. It was formed using the cars meant for another team, owned by a current luminary in F1, after they failed to secure funding for their F1 venture. It’s first driver was later killed in a horrific accident. Later their cars changed hands to another team who participated in other series and eventually went on to own the rights to one of the worlds most famous sportscars.

What team is it. Who owned the cars prior to the formation of this team and what team bought the cars and later owned rights to what world-famous sportscar?

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