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
Aprilia moves up one level in MotoGP concessions;...
No description available...
1h ago from Motorsport.com
Fabio Di Giannantonio refuses to dwell on Sachsenring...
VR46 Ducati rider Fabio Di Giannantonio refuses to let his Sachsenring...
21h ago from MotorsportWeek.c...
MotoGP's single-bike proposal on brink of collapse
No description available...
1d ago from Motorsport.com
'Surgery would have ruined my season completely,' says...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Kyffin Simpson aims to replicate 2025 Nashville...
No description available...
14h ago from Motorsport.com
President Donald Trump meets with IndyCar drivers in...
No description available...
1d ago from Motorsport.com
IndyCar video game delayed until 2027
iRacing and IndyCar have announced more details surrounding the upcoming...
4d ago from MotorsportWeek.c...
iRacing’s standalone IndyCar game now has a name and...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Arvid Lindblad keen on rally future post-F1 after...
No description available...
1d ago from Motorsport.com
Toyota customer teams line up for new 2027 WRC car
No description available...
4d ago from Motorsport.com
Rome completes key milestone in pursuit of 2027 WRC...
No description available...
4d ago from Motorsport.com
Lancia turn to Martins Sesks, Teemu Suninen to help...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
After Trossard: Another attacker is on his way out of...
Arsenal’s attacking rebuild is gathering pace, with Mikel Arteta...
1h ago from CaughtOffside.com
Arsenal still interested in Alvarez as Tzolis move...
Arsenal are still interested in Atletico Madrid striker Julian Alvarez.
1h ago from SkySports.com
Two-time Champions League winner considered Morgan...
Arsenal are continuing to reshape their attack after Leandro Trossard’s...
2h ago from CaughtOffside.com
Spain make the final : Saliba's back gives up :...
Morning. Let's begin at the World Cup and Spain are through to the final...
3h ago from Arseblog.com
Comments
Hottest News
F1: Honda confirms Zandvoort upgrade
Honda's trackside manager and chief engineer,... Read More »
1h ago from Pitpass.com
F1 star claims George Russell is 'lucky' to only trail Kimi...
Former F1 driver Jolyon Palmer has warned George... Read More »
1h ago from GPFans.com
Christian Horner's two big mistakes that caused Red Bull...
A Red Bull insider has revealed that former team... Read More »
3h ago from GPFans.com
