Finbarr O’Connell of Smith and Williamson, joint administrator of Caterham Sports Limited, said their crowdfunding operation had been successful: “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,” he added. “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.”
The team has not confirmed who will be driving their cars. Kamui Kobayashi and Marcus Ericsson were their regular drivers during the season, but Ericsson announced he had split from Caterham earlier this week.
Caterham’s crowdfund remains almost £500,000 short of its target of £2.35 million however O’Connell stressed the team “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”.
2014 F1 season
- Fear of rules change led Mercedes to run dominant 2014 engine in “idle mode”
- Bianchi’s fight for life ends nine months after Japanese Grand Prix crash
- Mercedes’ Bahrain battle “too dangerous” – Warwick
- Streiff’s comments on Bianchi crash investigation prompts legal action from FIA
- Is stewarding improving? Analysing 2014’s penalties
Image © Caterham/LAT