W Sequence Ends 2022 Season 3 Races Early, As a result of Lack of Funding

W Sequence is ceasing its 2022 season, efficient instantly. The ladies’s-solely single-seater championship introduced in an announcement that the subsequent spherical supporting the USA Grand Prix in Austin and the season-ending doubleheader on the Mexico Metropolis Grand Prix have been canceled. CEO Catherine Bond Muir stated, “It’s with each nice unhappiness and frustration that we announce that our much-anticipated closing three races of the 2022 season in Austin and Mexico Metropolis is not going to go forward.” The group is engaged on elevating funds for a 2023 season.

Experiences of the championship’s monetary instability got here to gentle a number of weeks in the past. The Telegraph famous that the cancelation of remaining rounds was a chance as W Sequence severely trimmed operations for its spherical on the Singapore Grand Prix. Catherine Bond Muir sought to search out funding to make up for an American investor backing out of his deal regardless of signing an settlement. Bond Muir stated:

“We’ve labored arduous to boost the required funding to allow us to complete the season. Sadly, it was not potential to do that within the brief timeframe required following the failure of contracted funds to reach and the worldwide financial downturn. Nevertheless, whereas we’re all extremely disenchanted that this determination has needed to be made within the brief time period, we stay constructive about the way forward for W Sequence in the long run.”

With the season’s cancelation, Jamie Chadwick has been declared the 2022 W Sequence Champion. Chadwick received the primary 5 races of the seven that have been held. After three seasons, she stays the one lady to win the championship. The Telegraph report additionally talked about that it was not assured that W Sequence would have the ability to award its ample prize purse and the championship’s assertion made no point out of the prize cash.

W Sequence hopes to return subsequent 12 months, however solely time will time if the championship is ready to collect the funds to prepare a 2023 season. Bond Muir acknowledged:

“Whereas we aren’t ready to make a proper announcement but, there are lots of constructive conversations ongoing and all events share our ardour for and perception in our mission to offer our unbelievable area of girls drivers a platform to showcase their abilities and to race in entrance of enthusiastic followers all world wide. We’re doing all the pieces we are able to to make sure the long-term monetary well being of our enterprise and we look ahead to W Sequence’ continued progress and success.”