Date: 14th November 2014 at 2:39pm
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The Caterham Formula One team are expected to return to the grid for the 2014 season finale in Abu Dhabi.

Caterham fell into administration last month and missed the subsequent races in the United States of America and Brazil.

A controversial crowd-funding project which was launched at the Brazilian Grand Prix has raised £1.4million in less than a week.

The figure is still a million short of the previously announced target of £2.35million which was set to get Caterham back on the grid in Abu Dhabi, however administrator Finbarr O’Connell is confident the figure can be achieved as he is close to signing a contract which will ‘press the green button’.

‘It’s set to go. Everything’s packed and ready. We are literally waiting for a contract to be signed,’ O’Connell of Smith & Williamson told the BBC.

‘There’s a variety of contracts but this particular one is with one of the drivers we’ve been talking to,’ he added.

With Marcus Ericsson leaving the team ahead of joining Sauber for next season there is at least one seat available for auction by the team.

It isn’t clear if Kamui Kobayashi will remain with the team.

He concluded by adding: ‘If we haven’t reached [target] what we are potentially going to do is make the decision to go to Abu Dhabi and finalise things over the next few days, We will probably then recalibrate the fundraising and run it until the 23rd.’