Caterham heading to Abu Dhabi for 2014 finale

The crowdfunding page now shows Caterham has raised almost $3 million, double what it was just a few hours ago.

Kamui Kobayashi, Caterham with the media

Caterham has now officially confirmed that it will travel to the Abu Dhabi GP, despite not reaching the proposed £2.35m crowdfunding target.

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

Finbarr O’Connell

No mention has been made of drivers, and remains to be seen how competitive or organised the last minute will be. The team needs at least one new driver as Marcus Ericsson has pulled out.

Caterham will race

In a statement administrator Finbarr O’Connell said: “We set ourselves a major challenge, but it’s definitely been worth it! 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. 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.

“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!”