sentences:  The privateer teams also either folded or bought more capable cars.Miraculously, in 2003 British squad Team Elite announced plans to purchase the Elise GT1 chassis #05 and to use in the 12 Hours of Sebring and 24 Hours of Le Mans in 2004 as a closed cockpit Le Mans prototype.This was similar to a plan by Panoz and French squad Larbre Compétition to use a Panoz Esperante GTR-1, a car which had originally competed with the Elise GT1 in FIA GT in 1997, as a closed cockpit prototype as well.