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
Alex Marquez to miss next two MotoGP rounds after...
No description available...
6h ago from Motorsport.com
Alex Rins fears MotoGP riders without Ducatis are...
Alex Rins believes MotoGP riders without Ducati machinery are often...
9h ago from MotorsportWeek.c...
MotoGP's new Brazil GP venue to be closed again for...
No description available...
9h ago from Motorsport.com
Monster to become Aprilia's title sponsor in MotoGP...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Why Pato O'Ward's backup Indy 500 chassis could be a...
No description available...
1h ago from Motorsport.com
Indianapolis 500 – Qualifying results
Late Sunday afternoon, the starting order for the 110th Indianapolis 500...
3d ago from MotorsportWeek.c...
Alexander Rossi involved in multi-car crash in...
Monday afternoon held a short practice session for the NTT IndyCar...
2d ago from MotorsportWeek.c...
Two drivers disqualified following Indy 500 qualifying
Following Sunday’s qualifying for the Indianapolis 500, two cars failed...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
1d ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
3d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
1w ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'There are conversations ongoing': Romano reveals...
Arsenal have managed to win the Premier League title after 22 years, and...
34m ago from CaughtOffside.com
Arsenal and Manchester United chasing boyhood Gunners...
Arsenal and Manchester United are interested in signing the Sporting CP...
2h ago from CaughtOffside.com
Mikel Arteta was ‘in the garden building a fire’...
t;li>Manager could not bear to watch City’s draw at BournemouthArteta...
2h ago from TheGuardian.com
Arsenal receive major boost ahead of Champions League...
Arsenal have received a timely fitness boost at the perfect point of their...
4h ago from CaughtOffside.com
Comments
Hottest News
McLaren responds to Oscar Piastri/Red Bull F1 rumours
McLaren CEO Zak Brown has responded to driver... Read More »
1h ago from MotorsportWeek.com
Lewis Hamilton's boss speaks out against 'unfair' FIA...
Ferrari F1 boss Fred Vasseur has hit out at the... Read More »
1h ago from GPFans.com
Williams secures major poaching of McLaren COO as part of...
Williams has announced that it has signed up... Read More »
2h ago from MotorsportWeek.com
