Caterham have announced that they will take part at the final Formula One race of the season in Abu Dhabi. The British team, who entered into administration in October, launched a ‘crowdfunding’ scheme last week in a bid to raise more than £2million to make the race. And despite still coming up £500,000 short of their target on Friday afternoon, the administrators acting on behalf of Caterham, have announced that they will race next weekend. The cash-strapped team claim they will now compete at the final race of the season in Abu Dhabi Caterham have missed the last two races in America and Brazil but say they will take to the grid in Abu Dhabi
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British team launched crowdfunding initiative in bid to raise more than £2m
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Despite falling short of total, administrators say they will race in Abu Dhabi
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The team paid tribute to the sport's fans after £1.9m donated in a week
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But also called on Caterham supporters to pledge more money
'We now head to @placeholder ready to show what a hard-working and positive group of people this is and to hopefully secure a future for the team.