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Formula 3 Car for $38000 – Bankrupt W Series (Female Only Racing) is Selling it’s Assets in an Online Auction

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The 2024 F1 season approaches with a sombre note as the W Series program officially comes to an end after less than five years of existence. Following the collapse of discussions with potential purchasers, the W Series, an all-female Formula Regional championship designed to promote female drivers in motorsports, faces a difficult period and has placed its assets up for auction on BidSpotter until January 31, 2024.

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The auction, managed by Wyles Hardy & Co., includes a diverse range of items, from car chassis and engines to hand tools, race suits, and even trophies from the short-lived series. Notably, all the assets belonged to the W Series itself, making it a unique situation where no individual or external group of investors owned the items. This comprehensive auction encompasses various racing elements, adding to the intrigue of potential bidders.

W Series cars up for sale

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W Series Tatuus F3 T-318 cars up for sale to clear off huge debt

One standout item among the offerings is a set of 20 Tatuus F3 T-318 cars, complete with engines and spare parts. These cars, which made their debut in 2018, were utilized in both Formula 3 and the W Series. The Formula 3 car’s starting bid is set at $38000.

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The final prices for the auctioned items will only be determined after the bidding concludes. The sale of the assets signifies a significant downturn for the once-promising W Series, leaving many disappointed in the outcome.

The demise of W Series takes away the opportunities of many talented female drivers

Among the creditors, freight logistics provider DHL, owed £518,783, is expected to receive payment because of a lien over the property. Following are the tax authorities and employees, with their payment prospects uncertain. Unsecured creditors, totaling £15.4 million in claims from 63 parties, face an uncertain future for any payment. The administrators also noted a debt of £15.8 million owed by W Series to a Californian entity, The Bunker LA2, a private car club. Limited funds in administration hindered progress in recovering this debt.

The demise of the series serves as a cautionary tale for aspiring female drivers, emphasizing the challenges and uncertainties that motorsports ventures may face. As the W Series concludes its journey, aspiring female drivers may now shift their focus to opportunities within F1 academies, hoping to learn from the setbacks of the W Series and avoid similar pitfalls in the pursuit of their racing dreams.

Read more: Madrid to Host F1 Grand Prix from 2026: A Sneak Peek into the New Circuit

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Saswata Saha
Saswata Saha
I'm a sports enthusiast with a strong interest in pursuing a career in sports. I watch most of the sports and try to analyse it for a better understanding.
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