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LONDON, England - Administrators of the Caterham Formula 1 team have announced a crowd-funding initiative to try to raise the equivalent of R41-million within a week so the team can race
in Abu Dhabi.
Finbarr O'Connell, the administrator representing Smith & Williamson, said: "If we don't hit the target by next Friday Nov 14 2014) the pledged funds will be returned.
"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."
Finbarr O'Connell, the administrator representing Smith & Williamson, said: "If we don't hit the target by next Friday Nov 14 2014) the pledged funds will be returned.
"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."
