Despite the announcement it will return to the F1 grid for the final round of the 2014 Formula 1 season in Abu Dhabi, Caterham's administrators have confirmed it has also made some 230 staff redundant.

Caterham went into administration last month and staff have not been paid since the end of September as the team's financial situation worsened and a bitter dispute over its true ownership became public.

Nonetheless, the team will reconvene for the final event of the season in Abu Dhabi after raising ?1.9million as part of a crowdfunding campaign. Though it was still some ?400,000 short of its original target, the team says it will still be enough to compete next week.

Related Articles

However, former employees have accused Caterham of intentionally burying bad news, with one contacting Crash.net to express his 'dismay' at the publicity generated by its crowdfunding bid whist at the same time of letting the majority of its staff go.

However, administrators Finbarr O'Connell have played down the timing, insisting the redundancies came on the request of the staff so they could begin a formal process that takes at least a month before payments are made, should the team not be sold.

"I'm not sure this is the bad news," he told the BBC. "This is what the employees as a group have been asking me to do. This is what they want because it brings them closer to receiving money and if you speak to any of the staff representatives, they will confirm to you that 14 November was the date that they gave me."

Caterham, who missed the United States Grand Prix and Brazilian Grand Prix, will operate a small workforce of around 40 people in Abu Dhabi, with its drivers yet to be announced.