Caterham to race in Abu Dhabi after crowdfunding

LONDON (AP) — Formula One team Caterham will compete in the season-ending Abu Dhabi Grand Prix next week after a successful crowdfunding campaign.

Caterham, which has been taken over by insolvency specialists while it seeks a new buyer, has missed the last two races in the United States and Brazil.

Caterham administrator Finbarr O’Connell said Friday that the team had raised enough money through a crowdfunding program to race in Abu Dhabi.

He says the initiative has raised 1.87 million pounds ($2.92 million) so far. The final target is to raise 2.35 million pounds ($3.7 million).

O’Connell says “in only a week the fans have made the impossible, possible” but that “we still need to raise a bit more cash.”