{"id":10871,"date":"2023-06-24T18:30:30","date_gmt":"2023-06-24T18:30:30","guid":{"rendered":"https:\/\/kede.com.br\/sport\/w-series-all-female-championship-enters-administration-after-failing-to-secure-funding\/"},"modified":"2023-06-24T18:30:32","modified_gmt":"2023-06-24T18:30:32","slug":"w-series-all-female-championship-enters-administration-after-failing-to-secure-funding","status":"publish","type":"post","link":"https:\/\/kede.com.br\/sport\/w-series-all-female-championship-enters-administration-after-failing-to-secure-funding\/","title":{"rendered":"W Series: All-female championship enters administration after failing to secure funding"},"content":{"rendered":"


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After announcing the W Series would end early in 2022, organisers said they remained positive that funding could be found to secure the championship’s future<\/figcaption><\/figure>\n

The all-female W Series has entered administration after the single-seater championship failed to secure funding.<\/span><\/p>\n

Alice Powell, who raced in the series from its start in 2019, said it had “inspired” many young female fans and “created” opportunities for drivers. <\/span><\/p>\n

“W Series DID NOT fail,” <\/span>said the 30-year-old Briton.<\/span>external-link<\/title><\/svg><\/span><\/a><\/p>\n

“At the end of the day, W Series got me out racing again, whether you agreed with the championship or not.<\/span><\/p>\n

“I have many great memories from racing in the championship, including my win at the British GP in 2021, which will stay with me forever.”<\/span><\/p>\n

Britain’s Jamie Chadwick dominated W Series and was crowned champion three times. The 25-year-old is now racing in the United States-based Indy NXT and is also part of Williams’ academy.<\/span><\/p>\n

Administrators Evelyn Partners LLP said that most staff had already left the business or been made redundant.<\/span><\/p>\n

Kevin Ley, one of the joint administrators, said: “The news will be upsetting for the company’s employees and drivers together with the worldwide supporters of the championship.<\/span><\/p>\n

“The company had been unable to commit to the 2023 race season due to its liquidity position. <\/span><\/p>\n

“The directors had been in discussions with various parties to provide additional funding together with a potential sale of the business. Unfortunately, these discussions did not progress.”<\/span><\/p>\n

Ley’s joint administrator, Harry Shinners, added: “The joint administrators will explore all available options to allow the W Series to restart in the future. We are seeking expressions of interest in the business and assets of the company.” <\/span><\/p>\n

In November, Formula 1 – which has not had a female driver compete in a race since 1976 – <\/span>launched the F1 Academy,<\/span><\/a> an all-female series aimed at helping women drivers progress through motorsport.<\/span><\/p>\n

The inaugural season features seven rounds with the final race supporting the United States Grand Prix in Austin, Texas, in October.<\/span><\/p>\n

\"Across<\/span><\/span>\"Across<\/span><\/span><\/div>\n