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...
Full Story »
Full Story »
11y ago from GrandPrix.com
0
You May Also Be Interested In...
Caterham crowd funding scheme set to fail
End of the road for Caterham?
Friday's deadline looks set to come and go...
11y ago from GrandPrix247.com
Caterham raises $1.6m through crowdfunding in 48 hours
Formula One team Caterham has raised more than £1 million ($1.6...
11y ago from F1Pulse.com
Caterham crowdfunding project hits 50%
– The Caterham crowdfunding initiative is now at 50% of its target...
11y ago from GPUpdate.net
Caterham to use crowdfunding
Caterham are launching an ambitious crowdfunding project in an attempt to...
11y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez praises ‘special' Gigi Dall'Igna...
Marc Marquez praised a "very special" Gigi Dall'Igna after he...
3h ago from MotorsportWeek.c...
Winners & Losers from MotoGP's Japanese Grand Prix
No description available...
4h ago from Motorsport.com
Alex Marquez makes “unacceptable” gear-shifting...
No description available...
3h ago from Motorsport.com
Ducati confirms signing of Franco Morbidelli to...
Aruba.it Racing - Ducati has officially confirmed it has signed current...
6h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott Dixon: "It’ll be tough for Lundgaard...
No description available...
3d ago from Motorsport.com
Ganassi on Lundgaard signing: “When is the last time...
No description available...
5d ago from Motorsport.com
IndyCar retains Independent Officiating Board...
No description available...
5d ago from Motorsport.com
IndyCar Officiating retains leadership into second...
The Independent Officiating Board, which officiates all aspects of the...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg; “I tried my very best to the very...
Having started the final round of the 2026 FIA World Rally Championship...
6h ago from MotorsportWeek.c...
Oliver Solberg has no regrets after WRC title...
No description available...
22h ago from Motorsport.com
New WRC champion Elfyn Evans relieved after...
No description available...
20h ago from Motorsport.com
Evans ends Britain’s wait for World Rally title...
t;li>Elfyn Evans becomes first British winner since 2001Oliver...
22h ago from TheGuardian.com
Popular On GunnersToday.com
Arsenal eye ambitious 70-80m transfer of Real Madrid's...
Arsenal are reportedly eyeing an ambitious transfer move for Real Madrid...
5d ago from CaughtOffside.com
Latest on Chelsea and Arsenal transfer targets’...
Bournemouth are reportedly not willing to consider selling any one of star...
5d ago from CaughtOffside.com
Recent Liverpool signing was not welcomed by current...
Florian Wirtz has very clearly struggled in his time at Liverpool so far...
5d ago from CaughtOffside.com
Arsenal hero Thierry Henry reacts after his fake quote...
Arsenal legend Thierry Henry has dismissed a fake quote attributed to him...
6d ago from SportsKeeda.com
Comments
Hottest News
'F1 drivers in uproar' with 'Red Bull running out of...
Find out how the world's media reacted to the... Read More »
58m ago from RacingNews365.com
Former F1 star in massive crash after terrifying collision...
Every now and again, motorsport comes up with a... Read More »
1h ago from GPFans.com
F1i Driver Ratings for the 2026 Bahrain Grand Prix
Sepang served up pure, unadulterated chaos as... Read More »
1h ago from F1i.com
