Update: thanks to Anonymous we found out that this game was released as “Sportscar GT” by Electronic Arts, that bought out Virgin Interactive. The screens below could still be different from the final game, so let us know if you see any differences!
In 1997 / 1998 Virgin Interactive were working on a new racing game for the original Playstation and PC know as “Professional Sportscar Racing” but it seems that the project was never released. The game was based on the license for the pro organization of the same name, a competition that was sponsored by the same Virgin Interactive. Maybe Virgin had some problems with the PSR license and the development could have been stopped. In the original press release we can read:
Fast driving, intensely competitive Grand Touring racing simulation game. For the player’s driving pleasure, all of the dream cars racing in the 1998 season of the Professional SportsCar championship will be authentically re-created including the internationally famous Panoz Esperante.