News Details
Caterham crowd funding scheme set to fail
End of the road for Caterham?
Friday's deadline looks set to come and go without Caterham raising the $3.7 million it needs to survive in Formula 1 through crowd funding.
The team, in administration and fighting to keep its official entry alive by making the Abu Dhabi grid, has raised only just over $2 million within hours of its self-imposed deadline expiring.
Gerard Lopez, who as owner of Lotus is frustrated that Formula 1's income model and high costs are threatening the survival of small teams, said it is 'sad' Caterham even had to revert to the controversial use of fans' hard-earned money.
'Formula 1, which is a $1.6 billion business, and distributes over $900 million, and we're being...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Caterham short as deadline approaches
Caterham's chances of racing in Abu Dhabi are on the line as the team is...
11y ago from PlanetF1.com
Desperate Caterham F1 team seeks funds from fans
Administrators of the Caterham Formula One team announced a crowd funding...
11y ago from GrandPrix247.com
Caterham turns to crowd-funding to race in Abu Dhabi
Sutton Images Enlarge Administrators for the Caterham F1 team have...
11y ago from espnF1.com
Caterham crowd-funding attracts potential buyer -...
Sutton Images Enlarge Caterham has raised over £1m in an attempt to...
11y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati’s first run with 850cc MotoGP bike was...
No description available...
4h ago from Motorsport.com
Aprilia explains why it hasn’t tested 850cc bike...
No description available...
19h ago from Motorsport.com
The dilemma Francesco Bagnaia's MotoGP race engineer...
No description available...
20h ago from Motorsport.com
Marc Marquez admits ‘touch of madness’ is key to...
Marc Marquez has provided fascinating insight into how he balances risk...
20h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
1d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
1d ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
1d ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Rally Islas Canarias could crown another new WRC...
No description available...
21h ago from Motorsport.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
2d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
5d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Bayern Munich focused on stealing Arsenal and...
Bayern Munich are wasting absolutely no time preparing for a massive...
39m ago from CaughtOffside.com
The one simple trick Arsenal need to make their attack...
Morning all. As I am not a total masochist, I did not spend any time...
4h ago from Arseblog.com
'Even when he tries to be calm, he's faking it' -...
Former Chelsea star John Obi Mikel has claimed that Arsenal manager Mikel...
11h ago from SportsKeeda.com
'Typical bottle merchants', 'Bottling officially...
Arsenal and Mikel Arteta are being mocked on social media after Manchester...
12h ago from SportsKeeda.com
Comments
Hottest News
Vettel backs drivers as calls grow for further rule tweaks
Apr.23 Sebastian Vettel has sided with current... Read More »
59m ago from OneStopStrategy.com
Red Bull F1 exodus continues as yet another key figure...
The exodus of big names from Red Bull has been... Read More »
3h ago from GPFans.com
F1 star shares open heart surgery scars after life-saving...
Sky Sports F1 legend Martin Brundle has taken to... Read More »
49m ago from GPFans.com
