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F1 did not fund W Series in anyway. W Series ran out of money because it was spending eye watering amounts of money trying to make the series and drivers look better than they were. To have run up a debt of £7.5m after just 14 races they wasted vast sums of money, especially since presumably there was initial investment that was also spent before the debt was created.Ultimately though, it was a failure in financial terms, it was never at any point something that looked like a worthwhile financial investment. It has done very little yet spent so much, why would something invest £10m+ only for the series to be in the same position an 3 years time again.Giving drivers a completely free drives whilst spending large of PR, having a quite luxurious hospitality unit, giving out $500,000 to it's champion considerably more than series that are of a similar level are all considerable costs that quickly rack up.W Series used a Formula Regional specification Tatuus T318. A spec of car that is very different to the current iteration of F3 spec cars that is used by only FIA F3.It was pretty clear that the drivers were not using it to it's full potential nor were they up to the standard of drivers in other series using that car. Something that was proven by Jamie Chadwick in particular when she entered FREC for the 2020 season. She had no reason to be so poor other than not being good enough as it was the latest attempt in a series that used that car.
F1 did not fund W Series in anyway. W Series ran out of money because it was spending eye watering amounts of money trying to make the series and drivers look better than they were. To have run up a debt of £7.5m after just 14 races they wasted vast sums of money, especially since presumably there was initial investment that was also spent before the debt was created.
Ultimately though, it was a failure in financial terms, it was never at any point something that looked like a worthwhile financial investment. It has done very little yet spent so much, why would something invest £10m+ only for the series to be in the same position an 3 years time again.
Giving drivers a completely free drives whilst spending large of PR, having a quite luxurious hospitality unit, giving out $500,000 to it's champion considerably more than series that are of a similar level are all considerable costs that quickly rack up.
W Series used a Formula Regional specification Tatuus T318. A spec of car that is very different to the current iteration of F3 spec cars that is used by only FIA F3.
It was pretty clear that the drivers were not using it to it's full potential nor were they up to the standard of drivers in other series using that car. Something that was proven by Jamie Chadwick in particular when she entered FREC for the 2020 season. She had no reason to be so poor other than not being good enough as it was the latest attempt in a series that used that car.