News Details
Desperate Caterham F1 team seeks funds from fans
Administrators of the Caterham Formula One team announced a crowd funding initiative on Friday to try to raise £2.35 million ($3.72 million) by the end of next week so they can race in Abu Dhabi.
'If we don't hit the target by next Friday, obviously the pledged funds will be returned,' Finbarr O'Connell, the administrator representing Smith & Williamson, said in a statement.
'But right now we are hopeful for the future of the team and we are confident that the team showing the world that it can race again will lead to a bright future under a new owner on a proper financial footing,' added the ‘interim team principal'.
Caterham went into administration last month and have missed the...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Caterham F1 team seeks funds from fans
Administrators of the Caterham Formula One team announced a crowdfunding...
10y ago from SuperSport.com
Caterham have two weeks to find a buyer
Caterham looking for a buyer
The Caterham Formula One team may have to be...
10y ago from GrandPrix247.com
Caterham hand out begging bowl to reach UAE
LONDON, Nov 07, 2014 (AFP) - Cash-strapped Caterham are pleading with...
10y ago from F1Plus.com
Caterham turns to crowd-funding to race in Abu Dhabi
Sutton Images Enlarge Administrators for the Caterham F1 team have...
10y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia wades into Jorge Martin MotoGP...
No description available...
1h ago from Motorsport.com
Dorna CEO Carmelo Ezpeleta to miss first MotoGP race...
No description available...
1h ago from Motorsport.com
Aprilia releases first statement regarding Jorge...
Aprilia has issued its first official statement on Jorge Martin amid...
3h ago from MotorsportWeek.c...
Aprilia stands firm over Jorge Martin contract saga
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Team Penske IndyCar leadership fired over Indy 500...
Team Penske announced on Wednesday morning that it has released three...
1d ago from MotorsportWeek.c...
Scott McLaughlin damages track and wall in heavy...
No description available...
23h ago from Motorsport.com
The Double: After 2024 failure, Kyle Larson hopes to...
No description available...
21h ago from Motorsport.com
Theo Pourchaire partners with Simon Pagenaud to...
Theo Pourchaire has begun working with Simon Pagenaud to help the young...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC signs new deal to race in Portugal until at least...
No description available...
1h ago from Motorsport.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
3d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
4d ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal transfer news: Mikel Arteta confirms Gunners...
Arsenal head coach Mikel Arteta responds to speculation linking the...
3h ago from SportsMole.co.uk
Rodrygo to Arsenal transfer given seal of approval as...
Arsenal should have no qualms about paying £20m or £30m over the odds to...
1h ago from SportsMole.co.uk
Report: Tottenham ready to beat Arsenal to £60m...
Tottenham are reportedly eyeing up some ambitious transfer targets...
2h ago from CaughtOffside.com
'Next season, you HAVE to win a major trophy' - Mikel...
Arsenal boss Mikel Arteta made a major claim while responding to their...
27m ago from SportsKeeda.com
Comments
Hottest News
Aftermath of Roger Penske’s team bust cheating at the...
Imagine this scenario: Formula 1 commercial... Read More »
3h ago from GrandPrix247.com
F1 star left red-faced after parking nightmare
A star of the 2025 Formula 1 grid has been... Read More »
5h ago from GPFans.com
Vowles hints Ferrari made ‘mistake' with Hamilton
May 22 James Vowles is not sure whether... Read More »
5h ago from OneStopStrategy.com
