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Ecclestone: Caterham crowd funding a disaster
Bernie Ecclestone has branded Caterham's crowd funding project a 'disaster'Just hours after administrators revealed that Marussia had ceased trading after failing to meet its financial deadline, rivals Caterham launched a crowd funding project aimed at getting the Leafield based outfit on to the grid in Abu Dhabi. Should the bid fail, as is the case with Marussia, in missing three races the team would lose its place in the standings and thereby forfeit any prize monies due.Consequently, the administrators for Caterham have announced details of a crowd funding project aimed at raising the necessary £2.35m to contest the season finale in two weeks.Despite raising £514k (at the...
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