Formula 1 to launch a new racing series for women


ABU DHABI, United Arab Emirates (AP) — Formula 1 is launching a new series of races for female drivers starting next year.

The series, known as F1 Academy, will be subsidized by F1 and will likely be a support series for one weekend in the F1 season.

F1 said it would provide funding of 150,000 euros ($156,000) per car “and require drivers to cover the same amount, which is a fraction of the usual costs in a comparable series”.

There will be 15 cars on the grid for a season of 21 races spread over seven rounds. The series will aim to recruit “young talent currently in karting or other junior categories” in the hope that they can then move on to Formula 3 and possibly compete in F1.

The announcement comes less than two months after another all-female event, Series W, cut its season short due to financial issues.

The W Series was free to enter for drivers, unlike most development series which require young drivers to provide their own financial support from family, investor or sponsor money.

The W series has struggled financially this season and has canceled its last three races in Mexico and the United States, to focus on fundraising for 2023. It has yet to release a schedule for next season.

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