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 »
11y 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...
11y 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...
11y ago from GrandPrix247.com
Caterham hand out begging bowl to reach UAE
LONDON, Nov 07, 2014 (AFP) - Cash-strapped Caterham are pleading with...
11y ago from F1Plus.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
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martín knew wheelie crash was coming after US...
No description available...
4h ago from Motorsport.com
Fabio Di Giannantonio refuses to let Marc Marquez...
No description available...
4h ago from Motorsport.com
Marc Marquez penalised for Fabio di Giannantonio clash...
No description available...
4h ago from Motorsport.com
MotoGP United States GP: Jorge Martin ends victory...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power crashes in Barber qualifying but believes...
No description available...
5h ago from Motorsport.com
Alex Palou earns IndyCar pole at Barber
Saturday afternoon at Barber Motorsports Park was devoted to IndyCar...
7h ago from MotorsportWeek.c...
Alex Palou beats Malukas to Barber pole after tight...
No description available...
6h ago from Motorsport.com
Will Power’s brake pedal went ‘to the floor’ in...
Will Power suffered a heavy crash in IndyCar qualifying, ending his...
4h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
2d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Max Dowman needs to leave Arsenal as soon as...
talkSPORT pundit Adrian Durham has urged Arsenal youngster Max Dowman to...
11h ago from SportsKeeda.com
Arsenal prepare 35m offer for La Liga 'match-winner'...
Arsenal and Tottenham Hotspur are interested in signing the Moroccan...
17h ago from CaughtOffside.com
Liverpool prepare £70m offer as Arsenal & Man...
Liverpool, Arsenal and Manchester United are interested in signing Murillo...
16h ago from CaughtOffside.com
'Barça wouldn't be where they are if it weren't for...
Arsenal star David Raya has heaped special praise on Barcelona ace Joan...
18h ago from SportsKeeda.com
Comments
Hottest News
F1 fans furious after seeing footage of Verstappen and...
The new F1 regulations for 2026 have sparked... Read More »
11h ago from GPFans.com
F1 weather forecast for Japanese GP in Suzuka
RacingNews365 presents the current weather... Read More »
2h ago from RacingNews365.com
Fernando Alonso: The great challenges of Suzuka are gone,...
Fernando Alonso delivered a brutal verdict on... Read More »
9h ago from GrandPrix247.com
