Caterham Launches Crowdfunding to Help Compete

Updated: 07 November 2014 23:25 IST

Supporters can donate from 10 pounds ($16) and will receive rewards for their contribution, such as their name on the car if it competes in Abu Dhabi.

Caterham Launches Crowdfunding to Help Compete
Caterham driver Kamui Kobayashi of Japan steers his car during the qualifying session at the 'Sochi Autodrom' Formula One circuit , in Sochi, Russia. © AP

London:

Formula One team Caterham has launched a crowdfunding project to ease its financial difficulties and return to the grid for the final grand prix of the season in Abu Dhabi this month.

Caterham administrator Finbarr O'Connell says "we are working non-stop to get the Caterham F1 team back racing," and that "one of our most useful, innovative and effective options right now is crowdfunding."

Supporters can donate from 10 pounds ($16) and will receive rewards for their contribution, such as their name on the car if it competes in Abu Dhabi.

The project aims to raise 2.35 million pounds ($3.7 million) by next Friday. If unsuccessful, it will return the pledged funds.

Topics : Caterham Formula 1
Related Articles
Troubled F1 Team Caterham Given Car Dispensation
Troubled F1 Team Caterham Given Car Dispensation
Caterham Thank Contributors for Helping Them Return to Grid
Caterham Thank Contributors for Helping Them Return to Grid
Caterham Confirm Kamui Kobayashi for Abu Dhabi Grand Prix
Caterham Confirm Kamui Kobayashi for Abu Dhabi Grand Prix
Show Comments
Advertisement