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Caterham want to raise £2.3m in crowd-funding by Abu Dhabi


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#251 johnmhinds

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Posted 14 November 2014 - 16:04

Doesn't that make it finish AFTER the race in Abu Dhabi?

 

Well it was't like they were going to get all of this crowd funding money in their accounts before the race anyway.

 

Whoever is behind this already has enough money to let them race in Abu Dhabi, they just want other people to give them that money back afterwards.



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#252 FredrikB

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Posted 14 November 2014 - 16:19

Or they could have a ton of stuff they want to "sell" to the fans,



#253 alfa1

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Posted 14 November 2014 - 16:40

If they can raise the difference, there's nothing to stop them paying it into the crowdfund (although then the crowdfund company would take its 5%, but maybe they could do a deal on that).

 

What I'm interested in is how crowdcube even know that Caterham have got that extra money from somewhere else.

 

From what I see so far, its a crowdfund effort with a target, and the crowdfund starter is telling crowdcube "I know we didnt reach the target, but we totally got extra money from elsewhere, honest, mate. trust us.  Hand over what you've got so far."



#254 Disgrace

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Posted 14 November 2014 - 16:42

Doesn't that make it finish AFTER the race in Abu Dhabi?

 

This fundraising effort has never been about racing in Abu Dhabi.



#255 Fastcake

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Posted 14 November 2014 - 16:55

What I'm interested in is how crowdcube even know that Caterham have got that extra money from somewhere else.

 

From what I see so far, its a crowdfund effort with a target, and the crowdfund starter is telling crowdcube "I know we didnt reach the target, but we totally got extra money from elsewhere, honest, mate. trust us.  Hand over what you've got so far."

 

Apparently the Crowdcube site is linked with the Caterham team's administrators...



#256 BRG

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Posted 14 November 2014 - 20:25

The fat lady is being wheeled on...

It looks like the fat lady is in fact a pay driver.