W Series enters administration as ex-driver insists all-female racing competition ‘did not fail’

Powell, 30, added: “I am sad to learn of the news of W series entering administration. At the end of the day, W Series got me out racing again, whether you agreed with the championship or not… W Series did not fail.

“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.”

W Series’ unique offering as an women-only motor-racing event has largely been replaced by the launch of F1 Academy, which started in April.

Three-time W Series champion Jamie Chadwick, who is also in the Williams Driver Academy, has since moved on to compete in Indy NXT, the feeder series for IndyCar in the United States.

W Series has entered administration

Chadwick raced for Jenner Racing, founded by Olympic gold-medal winner and TV personality Caitlyn Jenner.

One of the joint administrators, Kevin Ley, detailed: “The news will be upsetting for the Company’s employees and drivers together with the worldwide supporters of the championship.

“The Company had been unable to commit to the 2023 race season due to its liquidity position. 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.”

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Henry Shinners of Evelyn Partners LLP 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. We would ask that any interest is registered with us as quickly as possible.”

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