Caterham to race in Abu Dhabi

0

Just when you thought you’d seen the last of Caterham, it appears administrators are going to make it to Abu Dhabi after all.

After a Crowdfunding effort that has, so far, raised nearly 80% of their projected total, the administrators reckon its easier to sell a team if it’s on the grid:

“We set ourselves a major challenge, but it’s definitely been worth it! In only a week the fans have made the impossible, possible. We knew that the best way to keep this team alive and attract possible buyers was to show that it’s still a racing team and be in Abu Dhabi for the finale, and there aren’t enough words to say how grateful we are to all the fans that have made this possible.

“We now head to Abu Dhabi ready to show what a hard-working and positive group of people this is and to hopefully secure a future for the team.  During the past few days the interest of many potential buyers has increased massively and by racing in Abu Dhabi the team will be showcasing itself as a live and functioning team that deserves to continue into 2015 and beyond.  It has hard-working people, team spirit and experience and now it only needs a secure financial future which I’m very hopeful we can achieve.  Once again, I’d like to reiterate that we are racing in Abu Dhabi thanks to all the fans out there – an achievement that will go down in F1 history and one that we can all be very proud of. We still need to raise a bit more cash so please do keep an eye on the Crowdcube website. Let’s go racing!”

There you have it, a chance to steal away the 10th position int eh championship should they be competitive and that would spoil Sauber’s year wouldn’t it? Will the effort work? Maybe not but you have to admire fans and their ability to support a team who is, effectively, insolvent because that cash usually goes to the bank in the end. It was nice to earmark some for salary expense but where the rest goes, who knows?

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments