GPWizard F1 Forum
F1 News & Discussions => General F1 Discussion => Topic started by: Wizzo on November 09, 2014, 02:05:48 PM
-
The Caterham F1 team are doing a crowdfunding thing to get them on the grid at Abu Dhabi. There are some great F1 items to own, good luck to them.
https://www.crowdcube.com/caterham/
-
Cristian Horner things this is a terrible idea:
http://www.gpupdate.net/en/f1-news/318731/horner-crowdfunding-shouldn-t-be-allowed/
He says that fans shouldn't pay for an F1 team.
I don't even know how to respond to that, aside from saying that I hope Ricciardo leaves and associates with a team with a modicum of class.
-
Frankly, I think the idea is little short of brilliant. I hope with all of my heart that it works.
-
I used to really like Horner, he came across as a sensible guy doing a good job. Why he feels the need to even share his opinion on this is beyond me.
If Caterham shows that there are enough fans to put it on the grid at Abu Dhabi, then all the power to them. I might even go dig out my credit card.
Just had a look and as of 4pm, they are almost at 50% with over £1m so far. :yahoo: :yahoo:
-
Perhaps Horner hasn't realised that fans indirectly pay for F1 anyway.
If Williams done the same their budget would probably exceed Ferrari's budget. I think this is a great idea and I've added my support.
Wiz
-
I think it's a cool idea from Caterham and wish it success. :good:
I'm wondering though whether Horner ran it past his boss Mateschitz before going public, :confused: this crowdfunding is just the sort of novel idea Red Bull love.
- In fact I can see Dietrich stepping in to give a final helping hand, in a blaze of publicity of course, ;) when Caterham fall a couple of hundred thou short of the total. :D
-
What's the difference in getting help from
crowd funding our a sponsor?The bank account
can't tell where it came from.
-
I think it's a cool idea from Caterham and wish it success. :good:
I'm wondering though whether Horner ran it past his boss Mateschitz before going public, :confused: this crowdfunding is just the sort of novel idea Red Bull love.
- In fact I can see Dietrich stepping in to give a final helping hand, in a blaze of publicity of course, ;) when Caterham fall a couple of hundred thou short of the total. :D
Certainly if crowdfunding had existed back then, Stoddart would still be running Minardi
-
Way back when, Dan Gurney attempted something like crowd funding. He founded All American Racing by advertising in enthusiast magazines for people to join, like joining a club. He would then use the money to go racing. As I recall, members got a t-shirt and a membership card. Of course there was no internet then so it was a more difficult and slow process.
-
Way back when, Dan Gurney attempted something like crowd funding. He founded All American Racing by advertising in enthusiast magazines for people to join, like joining a club. He would then use the money to go racing. As I recall, members got a t-shirt and a membership card. Of course there was no internet then so it was a more difficult and slow process.
Of course Gurney pioneered this approach! I'm not surprised in the least! :good:
Thanks for sharing
-
Cristian Horner things this is a terrible idea:
http://www.gpupdate.net/en/f1-news/318731/horner-crowdfunding-shouldn-t-be-allowed/
He says that fans shouldn't pay for an F1 team.
I don't even know how to respond to that, aside from saying that I hope Ricciardo leaves and associates with a team with a modicum of class.
Ecclestone agrees, terrible for F1's image.
http://autoweek.com/article/formula-one/bernie-ecclestone-slams-caterham-crowdfunding-efforts (http://autoweek.com/article/formula-one/bernie-ecclestone-slams-caterham-crowdfunding-efforts)
-
Cristian Horner things this is a terrible idea:
http://www.gpupdate.net/en/f1-news/318731/horner-crowdfunding-shouldn-t-be-allowed/
He says that fans shouldn't pay for an F1 team.
I don't even know how to respond to that, aside from saying that I hope Ricciardo leaves and associates with a team with a modicum of class.
Ecclestone agrees, terrible for F1's image.
http://autoweek.com/article/formula-one/bernie-ecclestone-slams-caterham-crowdfunding-efforts (http://autoweek.com/article/formula-one/bernie-ecclestone-slams-caterham-crowdfunding-efforts)
I know that I'm often in Bernie's corner, but I guess he really is out of touch if he doesn't see the benefits of 'micro transactions'. That's how Google, Facebook and Twitter are worth a zillion dollars.
Even Red Bull gets their money $2 at a time. I don't see how they can downplay the importance of a lot of people spending a little money.
If this works for Caterham, it truly does open the flood gates for possibilities for F1. Maybe someone will realize charging 500 million fans $1 to stream each race adds up to 10 billion dollars.
-
Even Red Bull gets their money $2 at a time. I don't see how they can downplay the importance of a lot of people spending a little money.
lol...so true Jeri, so true.
-
its probably already been stated here, but F1 is financially backed already.. except that it goes the 'bank' which then divvies out the 'winning$'... with Bernie getting his cut of course.
How supported? Fans attend races ($) fans watch on TV ($) pay for subscriptions ($) advertisers for those pay FOM ($) i'm sure ~
so of course having $$ go directly to a team, and by-passing the little dic(tator) he will be against it - to me, fan support is interesting to say the least!
tho i fear Ferrari would become the richest team, there is merit to the fans supporting the "underdog" :) and, isn't the new Brabham venture trying something similar?
then there's HAAS F1.. US.. i'm so hungry for a US team/driver, even tho i'm retired, i could add to their coffers enough to at least buy the mech's a round of donuts :) i was Sooo bummed at Rossi losing out with Marussia's fail, but did he handle that well or what? what a pro!
-
Teams have been selling $50 T-shirts online for years. If they thought they could make a dent in their budgets, they would have focussed on merchandising long ago.
It's one thing to do a crowd fund for £2m to get Caterham on the grid for the final race, but quite another to think that it could support a $300m+ Ferrari budget.
-
.
The Caterham team's thinking is that by missing the last race Marussia, or their successors will not get the money for being 9th or 10th in the championship - depending on what Sauber achieve at the last race.
So Sauber then get 9th and about $65m from FOM and Caterham if they turn up and race will then be 10th. Now because they will have finished in the top ten twice in the last 3 years they will get $30/35m from FOM divvy up.
Well worth trying the crowd funding as like Marussia the administrators won't take the risk of spending the cash to go to Abu Dhabi on a gamble of a huge return. However this raises a very big question, if Caterham gets the FOM money just whose is it?????????????? - the teams or the administrators? :DntKnw:
-
Caterham says they will be at Yas Marina.
http://www.racer.com/f1/item/110888-caterham-says-it-is-racing-in-finale
-
Can bernie withhold their money because they missed 2 races?
-
Certainly if crowdfunding had existed back then, Stoddart would still be running Minardi
I agree Jeri :).
There were a number of Minardi supporters clubs in the UK who would have definitely coughed up the cash. I'd have paid crowdfunding to keep Minardi going too back then.
Can bernie withhold their money because they missed 2 races?
Ecclestone gave them permission to miss two races, so hopefully not, but with him you can never be sure.
The main thing is that we'll at least have 20 cars for the last race. That, in my view, is the bare minimum to have a decent F1 race. By completing the season, and moving up to tenth, they've got a chance of competing as Caterham, or under another name if taken over, in 2015. I hope that they can keep their place on the grid as a result.
-
Maybe teams should pay a higher fee to compete so there are only 3 or 4 teams left and the fans abandon the sport because it becomes too dull.
Horner doesn't have any class when he says this shouldn't happen. Maybe if he means to say this shouldn't have to happen but this is the current state of F1