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 »
10y 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...
10y ago from PlanetF1.com
Desperate Caterham F1 team seeks funds from fans
Administrators of the Caterham Formula One team announced a crowd funding...
10y ago from GrandPrix247.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
Caterham crowd-funding attracts potential buyer -...
Sutton Images Enlarge Caterham has raised over £1m in an attempt to...
10y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
1h ago from Motorsport.com
Jorge Martin targets podium after injury hit his 2025...
No description available...
20h ago from Motorsport.com
MotoGP to use 100% non-fossil fuels by 2027 season
MotoGP has announced that the fuel used across all Grand Prix classes...
21h ago from MotorsportWeek.c...
How 2025 became Marc Marquez’s most dominant MotoGP...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
1d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
1d ago from Motorsport.com
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
3d ago from MotorsportWeek.c...
Colton Herta praises IndyCar's delayed cautions;...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's WRC future confirmed for 2026 season
No description available...
1h ago from Motorsport.com
Why the FIA is confident WRC will head to USA in 2027...
No description available...
3h ago from Motorsport.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal FC: Old School Pride, New School Plans
A Club That Feels Like Family It was founded in 1886. Ever since, Arsenal...
49m ago from FreshArsenal.com
Arsenal remain interested in ‘outstanding' Aston...
Arsenal are reportedly keeping a close watch on Aston Villa star Morgan...
3h ago from CaughtOffside.com
Report: The reason behind delay in Eberechi Eze's move...
Arsenal are actively pursuing Crystal Palace’s standout midfielder...
4h ago from CaughtOffside.com
Will Gyokeres make Arsenal debut vs Spurs in Hong...
No description available...
2h ago from SkySports.com
Comments
Hottest News
Aston Martin cashes out of F1 stake at whopping valuation!
Aston Martin Lagonda, the iconic British carmaker... Read More »
4h ago from F1i.com
Epstein ties and Horner rumours swirl around Briatore
Jul.31 Flavio Briatore is under renewed scrutiny... Read More »
4h ago from OneStopStrategy.com
TECH DEBRIEF: McLaren extended its range of rear wing...
Despite its dominant position both on track and... Read More »
49m ago from F1Technical.net
