Project Brabham has announced plans to extend its crowdfunding deadline to November 15 to reach its first fundraising target.
LAUNCHED IN SEPTEMBER, Project Brabham is aimed at resurrecting the Brabham Racing Team which hopes to, eventually, make a return to Formula One. The initiative has already secured 94% of its funding target but wants to get to 100% and so will extend the deadline until November 15.
Project Brabham has already raised $430,836 and is aiming for $450,000. Donations from as little as $1 will be accepted through to the VIP Package at $10,000 which allows two people to attend a track day at Silverstone in the UK with driver training from David Brabham, the youngest son of the late, great Sir Jack Brabham, three-time Formula One World Champion and the only driver to win a World Championship in a car he built.
“I’m already staggered by the clear dedication and support of the community we’ve built so far, said David Brabham.
“We’ve had some potentially interesting opportunities arise in what was going to be our last week of crowdfunding and to us it made sense to follow the advice of Indiegogo and extend the campaign.
“But, as we have said from the start, we want people to join Brabham Racing and collaborate in the team’s development, so we asked our community to take the vote and their decision is clear.”
Brabham Racing Team has set a goal of establishing itself as an LMP2 operation before graduating to LMP1 and vying for outright honours at the Le Mans 24 Hours in four years. The ultimate plan is to return to Formula One.
