All-female championship W Collection has gone into administration eight months after bringing its third season to an early finish.
Kevin Ley and Henry Shinners of Evelyn Companions LLP have been appointed joint directors of the collection yesterday.
W Collection was shaped in 2019 as a junior championship for ladies racers. Jamie Chadwick received the inaugural season and went on to repeat her successes in 2021 and the curtailed 2022 season. The 2020 championship was not held as a result of Covid-19 pandemic.
The collection cancelled its remaining three races final yr, which have been because of happen at Circuit of the Americas within the USA and the Autodromo Hermanos Rodriguez in Mexico, because of monetary bother.
W Collection was launched in 2019At the time the collection’ CEO Catherine Bond Muir was hopeful of discovering backing which might permit the collection to proceed. Nonetheless no plans for a fourth championship have been introduced.
“The information can be upsetting for the corporate’s workers and drivers along with the worldwide supporters of the championship,” mentioned Ley.
“The corporate had been unable to decide to the 2023 race season because of its liquidity place. The administrators had been in discussions with varied events to supply further funding along with a possible sale of the enterprise. Sadly, these discussions didn’t progress.”
W Collection initially appeared alongside DTM occasions in 2019. It held a complete of twenty-two races received by Chadwick, Alice Powell, Beitske Visser, Emma Kimiläinen and Marta Garcia.
Visser received what turned out to be the ultimate W Collection raceThe seven races which constituted its remaining season have been all held alongside rounds of the F1 world championship. W Collection’ remaining race, held in Singapore, was received by Visser.
The prospects of the collection returning seem extraordinarily slim. The directors confirmed just one employees member remained, which is believed to be Bond Muir.
Evelyn will “discover all out there choices to permit the W Collection to restart sooner or later,” mentioned Shinners. “We’re looking for expressions of curiosity within the enterprise and property of the corporate. We’d ask that any curiosity is registered with us as shortly as attainable.
“Employees had been made redundant or had left the enterprise earlier than our appointment and it has sadly been essential to make the remaining employees member redundant. The joint directors can be seeking to help any employees impacted by the administration, given the monetary place of the corporate, with making and progressing any claims with the Redundancy Funds Workplace.”
F1 Academy, a separate new junior championship for feminine racers, was introduced by Method 1 final yr and has held three of its seven triple-header race weekends deliberate for this season. It is because of seem as a help occasion at the USA Grand Prix on the Circuit of the Americas in October and all of its races will happen at grand prix weekends subsequent yr.
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