As we reported almost two weeks ago, Caterham F1’s financial books look like a chapter from a Brothers Grimm book: absolutely frightening…so bad, in fact, that Caterham went into administration and had to skip the Texas Grand Prix race. But now administrator Finn O’Connell has taken a new approach to bring in the necessary money that is vital to the team’s barely-visible chance of returning to racing: crowd funding.
Launching a campaign on U.K. crowd funding site Crowdcube, Caterham hopes to raise £2,350,000 before the Abu Dhabi Grand Prix, and as of writing, they had acquired over 1500 backers and over £527,000, which is fairly surprising for such a novel endeavor. Prizes for donation range from a “Refuel Caterham F1” badge to a carbon fiber brake disc, all the way up to your name on the car and the ultimate prize, a “hospitality treatment”…that last one will cost you £45,000, so we hope you have deep pockets.
There are six days left in the campaign, and they are 23% of the way to their goal. Will it happen? Give it a couple of days and let’s see what happens.