News Details
Caterham could overcome missed crowdfunding target
Friday's deadline looks set to come and go without Caterham raising the $3.7 million it needs through crowdfunding.
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 F1'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 one, which is a $1.6 billion business, and distributes over $900 million, and we're being asked if crowdfunding is a good idea to bring...
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10y ago from GrandPrix.com
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