W Series and its assets has now officially been put up for sale by its joint administrators, in the hope of the all-female series being able to go racing again.
The series encountered financial issues last year and was forced to curtail the end of its season early, and after falling into administration a 2023 season was unable to begin.
Now, following the administrators’ processes, an expression of interest process has now opened for prospective buyers to get the series up and running again.
W Series inviting prospective buyers to revive category
W Series officially began racing in 2019 as an all-female, free to enter series to try and offer women equal opportunities to compete at top level motorsport.
It also joined the Formula 1 support calendar in its second season, bringing it to a wider audience as it received widespread support from prominent paddock figures.
Administrators have set a deadline of midday on 12 October for prospective bidders, with the sale including 20 cars, multiple trailers, tools, mechanics’ equipment and the intellectual property owned by W Series itself.
Joint administrator Kevin Ley said: “The announcement that W Series had gone into administration was upsetting for all stakeholders that had previously been involved with and supported the championship.
“As well as our duty to maximise possible returns for creditors, it has always been our hope that the W Series may restart under new ownership in the future and this is an option for a purchaser.
“This represents an exciting opportunity to acquire a fully equipped racing series and for a new owner to re-launch a much-loved venture that has a network of supporters all over the world.
“Since being appointed, we have received numerous initial expressions of interest in the business and its assets.”
Williams junior driver Jamie Chadwick won the championship in all three seasons the series ran, with the British driver having recently completed her first season in Indy NXT, the feeder series to IndyCar in America.