Caterham's administrators have confirmed the team will race in next weekend's Abu Dhabi Grand Prix.
Having missed the races in the United States and Brazil, a crowdfunding initiative has seen Caterham raise enough funds to take part in the final race of the season. Having been £1m short of the team's £2.35m target at the start of Friday, a number of sponsorship deals were concluded and added to the crowdfund total which allows the team to head to Abu Dhabi.
Joint administrator Finbarr O'Connell - who explained to Crash.net
on Friday morning how confident he was of racing
- thanked the fans for their support and said racing in Abu Dhabi will allow the team to show it has a future.
“We set ourselves a major challenge, but it's definitely been worth it!" O'Connell said. "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!”
While there is no confirmation of drivers, Crash.net
understands that one of the race seats has already been finalised.