Caterham launches crowdfunding project

By on Friday, November 7, 2014
Caterham F1 Team

Caterham F1 Team

Caterham has launched an ambitious crowdfunding project in an attempt to make it to the Abu Dhabi Grand Prix in two weeks' time.

The outfit entered administration in October and missed the United States and Brazilian Grands Prix and it is still seeking new investment in a bid to make it onto the grid in 2015.

It has now set a target of £2.35m by November 14 - seven days' time - and has encouraged fans to spread the word via social media.

"We are working non-stop to get the Caterham F1 Team back racing, initially in Abu Dhabi, but hopefully that will be just a stepping stone to get it back racing on a permanent basis, under new ownership," said Finbarr O'Connell, Caterham Sports Limited administrator and interim Caterham F1 Team Principal.

"In order to achieve that one of our most useful, innovative and effective options right now is crowdfunding. We want to get as many sponsors and fans as possible involved this week and make our comeback something we can all be part of.

"This team deserves a future and I’m sure that there are plenty of fans and companies out there that agree with us, so I can’t think of a better way to get us all together and show our support to the team than this one, the Caterham F1 Team #RefuelCaterhamF1 project."


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