Caterham's crowdfunding plan 'sad' for F1 - Lopez

Lotus owner Gerard Lopez believes Caterham's need to seek crowdfunding to try to make it back on the grid is a 'sad' indication about the state that Formula 1 is in

Caterham's crowdfunding plan 'sad' for F1 - Lopez

Caterham's administrators are seeking £2.35 million in funding to ensure they can afford to compete at the Abu Dhabi Grand Prix, which would give them a chance of returning full-time in 2015.

But despite a promising level of backing during the early stages since the scheme was launched, Lopez believes the fact that a team has to get funding from fans is ridiculous considering how much money F1 earns.

"It's a one-off and I think it's sad," he said. "If you think about what it's being used for.

"Formula 1, which is a 1.6 billion dollar business, and distributes over $900 million, and we're being asked if crowdfunding is a good idea to bring a team back. Seriously?

"Then it's even more disastrous than I think it is, in terms of ethics."

Lopez says he was left fuming when a rival team boss joked at him about the crowdfunding plan.

"A team principal came to me and was laughing about the crowdfunding thing," he said.

"I think it's pretty sad. I think it's pretty telling about the sport when people are laughing about that kind of stuff."

shares
comments
Sauber urges FIA to take action to sort out F1 costs crisis
Previous article

Sauber urges FIA to take action to sort out F1 costs crisis

Next article

Why Senna's fans adopted Hamilton

Why Senna's fans adopted Hamilton
Load comments
The “glorified taxi” driver central to F1’s continued safety push Plus

The “glorified taxi” driver central to F1’s continued safety push

As the driver of Formula 1’s medical car, Alan van der Merwe’s job is to wait – and hope his skills aren’t needed. JAMES NEWBOLD hears from F1’s lesser-known stalwarts

Formula 1
Jan 15, 2022
When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push Plus

When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push

There was an ace up the sleeve during the 1983 F1 title-winning season of Nelson Piquet and Brabham. It made a frontrunning car invincible for the last three races to see off Renault's Alain Prost and secure the combination's second world title in three years

Formula 1
Jan 13, 2022
How “abysmal” reliability blunted Brabham’s first winner Plus

How “abysmal” reliability blunted Brabham’s first winner

Brabham’s first world championship race-winning car was held back by unreliable Climax engines – or so its creators believed, as STUART CODLING explains

Formula 1
Jan 10, 2022
The steps Norris took to reach a new level in F1 2021 Plus

The steps Norris took to reach a new level in F1 2021

Lando Norris came of age as a grand prix driver in 2021. McLaren’s young ace is no longer an apprentice or a quietly capable number two – he’s proved himself a potential winner in the top flight and, as STUART CODLING finds out, he’s ready to stake his claim to greatness…

Formula 1
Jan 9, 2022
The original F1 maestro who set the bar for Schumacher and Hamilton Plus

The original F1 maestro who set the bar for Schumacher and Hamilton

Juan Manuel Fangio, peerless on track and charming off it, established the gold standard of grand prix greatness. NIGEL ROEBUCK recalls a remarkable champion

Formula 1
Jan 8, 2022
How Russell sees his place in the Mercedes-Hamilton F1 superteam Plus

How Russell sees his place in the Mercedes-Hamilton F1 superteam

George Russell joining Lewis Hamilton at Mercedes this year gives it arguably the best line-up in Formula 1 – if it can avoid too many fireworks. After serving his apprenticeship at Williams, Russell is the man that Mercedes team believes can lead it in the post-Hamilton era, but how will he fare against the seven-time champion? Autosport heard from the man himself

Formula 1
Jan 6, 2022
How F1 pulled off its second pandemic season and its 2022 implications Plus

How F1 pulled off its second pandemic season and its 2022 implications

OPINION: The Formula 1 season just gone was the second to be completed under the dreaded shadow of the COVID-19 pandemic, but in many ways it was much more ‘normal’ than 2020. Here’s the story of how the championship’s various organisers delivered a second challenging campaign, which offers a glimpse at what may be different next time around

Formula 1
Jan 5, 2022
The adapt or die mentality that will shape F1's future Plus

The adapt or die mentality that will shape F1's future

As attitudes towards the motor car and what powers it change, Formula 1 must adapt its offering. MARK GALLAGHER ponders the end of fossil fuels

Formula 1
Jan 3, 2022