Ecclestone slams F1 team “begging bowl”

“I think it’s a disaster. We don’t want begging bowls. If people can’t afford to be in Formula One they have to find something else to do.”

Formula One supremo Bernie Ecclestone believes Caterham’s decision to hand out a begging bowl to the fans is “a disaster” for Formula One.

Cash-strapped Caterham on Friday announced on Friday the launch of a crowdfunding project aimed at raising £2.35million to get the team on the grid for the final race of the season in Abu Dhabi.