Caterham preparing freight for Abu Dhabi

Caterham's administrator on Friday said the team is preparing equipment to be shipped to the season finale in Abu Dhabi.

Having missed USA and Brazil, the beleaguered outfit will fail to hit its $3.7m crowdfunding target for a return in Abu Dhabi, which Bernie Ecclestone insists is necessary in order to keep the official team entry alive.

But administrator and interim team boss Finbarr O'Connell said earlier that the shortfall could be made up by investors, meaning preparations to travel to Abu Dhabi are now on track.

"I am 90 percent confident that we are going," he told Reuters.

"In the last few days three interested buyers have come forward," said O'Connell.

He said some deals are due to be worked on today, and "If some of those things happen, we expect to be announcing we are going" to Abu Dhabi.

"If we are still a few hundred thousand pounds short, we will recalibrate up to race day to raise the rest," added O'Connell.

About the author

Leopold

Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.

Related topics