News Details
Caterham administrator positive over future
Caterham F1 Team
Administrators acting on behalf of Caterham say that a 'financially sound interested party' has come forward following the squad's ambitious crowd-funding effort to make it to the Abu Dhabi Grand Prix.
Caterham entered administration in October and have been absent from the last two races but started a fundraising page on Friday, which has since raised over £1m of its £2.35m target, which must be reached by Friday.
"Everyone involved is incredibly grateful and excited to have raised over £1m of support in less than 48 hours," said Finbarr O'Connell, Caterham Sports Limited administrator. "The Caterham F1 Team is almost half way to its funding target....
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11y ago from F1Zone.net
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