This was stated by the British driver Jamie Chadwick Series W the drivers are united in their commitment to preserving the championship while it struggles with financial problems.
The all-female series is in its third season but cannot guarantee it will be able to complete the remaining races this year or pay its riders their prize money.
Chadwick has won the first two W Series championships and will go for her third if she wins in Singapore this weekend. However, on Wednesday This is reported by the Daily Telegraph that there were financial problems facing the series and significant sums owed to creditors.
Series W was created by Catherine Bond Muir in 2018 and was funded by investors and equity capital, but at the time Muir made it clear that it needed to be a viable business. However, he struggled for funding. unforging forth 5-fold, it has received a place on the weekend as a support race, and its costs are significant.
The series provides all cars and covers all expenses for their drivers in a calendar that includes eight races on offer this season in the United States, Europe, Singapore and Mexico. It also distributes the main prize fund among the riders. The winner receives $500,000 with an additional $1 million for the rest of the field.
Chadwick confirmed on Thursday that Muir had informed all the drivers, confirming they were facing financial difficulties, but she insisted the atmosphere among them remained positive.
“The camaraderie between the group is huge,” she said. “When we were all informed about the situation, it was really cool to see how much the series means to everyone. It’s been a big part of our lives for the last four years, it’s been a huge opportunity for all of us, and there’s an emotional side to it. Obviously, we all don’t want this to go away, we all want to fight and help keep the streak going the right way.”
After Singapore, there are two closing races in Austin and Mexico City, but neither has been confirmed to take place if Chadwick wins this weekend.
Muir admitted the series had hit a rough patch, but remained confident about its future. “We’re having a lot of conversations right now and I’m very optimistic. We had to fight from day one. It’s always been a struggle, but we’re fighters. We look at our budgets. We are confident that we will continue to raise money.”
Chadwick is potentially looking to step up to the IndyLights series in the US next season or to compete in F3. However, she admitted that the lack of prize money could affect those ambitions.
“Every driver in this paddock goes out to succeed, win races and win championships more than personal reward,” she said. “But of course these wins will be factored into my plans for next year. It’s a factor, but I try not to think about it.”