{"id":110680,"date":"2014-11-16T03:59:05","date_gmt":"2014-11-16T02:59:05","guid":{"rendered":"http:\/\/www.gtspirit.com\/?p=110680"},"modified":"2014-11-16T03:59:05","modified_gmt":"2014-11-16T02:59:05","slug":"caterham-raises-2-9m-through-crowdfunding-and-will-race-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/gtspirit.com\/2014\/11\/16\/caterham-raises-2-9m-through-crowdfunding-and-will-race-in-abu-dhabi\/","title":{"rendered":"Caterham Raises $2.9M Through Crowdfunding and Will Race in Abu Dhabi"},"content":{"rendered":"

\"Caterham<\/a><\/p>\n

Caterham has confirmed its participation in next weeks F1 season finale in Abu Dhabi. This is after they managed to raise 79% ($2.9 million) of their $3.7 million crowdfunding target. They went into administration after being overwhelmed by debts and as a result they missed the last two rounds in Sao Paulo and Austin. They resorted to crowdfunding as a last minute attempt to keep them in the championship.<\/p>\n

Speaking about this, Administrator Finbarr O’Connell said, \u201cWe 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.<\/p>\n

“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. 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.\u201d<\/p>\r\n