Caterham confirms Abu Dhabi participation

By on Friday, November 14, 2014
Caterham F1 Team

Caterham F1 Team

Caterham has confirmed that it will make its Formula 1 return at the Abu Dhabi Grand Prix.

Caterham missed the last two races after entering administration but will return to the grid for next weekend's season finale at Yas Marina.

Caterham's administrators Smith & Williamson set up a crowd-funding website in a bid to raise £2.35m and while the target has not yet been reached, it is expected that anticipated deals will see that number met.

It has not been confirmed who will drive for the team, with Marcus Ericsson having departed the set-up.

"We set ourselves a major challenge, but it’s definitely been worth it," said administrator Finbarr O'Connell.

"In only a week the fans have made the impossible, possible. We knew that the best way to keep this team alive and attract possible buyers was to show that it’s still a racing team and be in Abu Dhabi for the finale, and there aren’t enough words to say how grateful we are to all the fans that have made this possible.

"We now head to Abu Dhabi ready to show what a hard-working and positive group of people this is and to hopefully secure a future for the team. "

O'Connell believes that Caterham's future into 2015 looks optimistic after progress made across this week.

"During the past few days the interest of many potential buyers has increased massively and by racing in Abu Dhabi the team will be showcasing itself as a live and functioning team that deserves to continue into 2015 and beyond," he said.

"It has hard-working people, team spirit and experience and now it only needs a secure financial future which I’m very hopeful we can achieve. Once again, I’d like to reiterate that we are racing in Abu Dhabi thanks to all the fans out there – an achievement that will go down in F1 history and one that we can all be very proud of.

"We still need to raise a bit more cash so please do keep an eye on the Crowdcube website. Let’s go racing!"

Caterham has also extended the deadline on its crowd-funding website until the end of next Sunday.

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