Are you of the opinion that there's entirely too much young blood in motorsport? Are you tired of seeing 16-year-olds drive with audacious precision, incredible consistency and pace and humiliate the old and experienced? Well, now, the old have a place of their own: the Series Elite one-make championship for drivers over 50 years of age.

Jaguar is barely getting the I-Pace eTrophy series off the ground, one that's supposed to give Formula E race-goers a little more bang for their buck. At the same time, a private initiative called Series Elite is trying to increase Jaguar's footprint in racing by launching its own championship using Jaguar XE SV Project 8 cars. It's supposed to be a series centered around wealthy gentleman drivers who are at least 50 years old and want to bang door handles in Jaguar's most extreme sedan to date.

Series Elite expects to have a grid of 20 "mature drivers", as they put it, by the time the series kicks off next May. The 20 XE SV Project 8s that will be put to work by the 20 well-to-be adrenaline junkies are set to be slightly modified for track use but Series Elite stated that they can be turned back to the road legal specification quite quickly.

Are You Somewhat Old, Really Rich And Bored? Jump Aboard Jaguar's Series Elite Championship

Most of today's GT racing is focusing at least in part on amateur drivers. The Weathertech Sports Car Championship, the top endurance GT and sports car racing series in the U.S., has the GT-Daytona class where having a gentleman driver in your lineup is a prerequisite. Then there are other GT3-based series, GT3 in itself being a privateer-oriented category, like the Blancpain Endurance Series which feature an Am Cup for gentleman drivers.

What that means is that he only practices racing as a hobby, earning his revenue elsewhere. It also means that he's enjoyed limited success in his racing career and, in some cases, age becomes a factor too.

Age is paramount when it comes to the privately-organized Series Elite championship. Instead of focusing on growing the young generation, Series Elite shifts its focus to those that already have all the funding they need to go racing but no place to do it. It may sound like a strange decision in a world that's looking at ways to help up-and-coming young drivers but the people behind this initiative reckon older gentlemen with pockets brimming with money are a certain recipe for success.

These "high net worth individuals", again Series Elite's own words, aren't required to have raced before in any racing series around the world. That's because Series Elite will provide "all the relevant training, testing and race experience needed to compete in the new series". Once onboard, the wealthy gentlemen should look forward to a 12-race season across Europe.

It's uncertain how much the full season will cost - the Project 8 alone has a price tag of $192,000 - but Series Elite said that the cars will be "stored and prepared at a centralized team facility". That means the drivers won't also have to bother about putting together a racing team.

The stock XE SV Project 8 is powered by Jaguar's traditional 5.0-liter supercharged V-8 which puts out 592 horsepower and 516 pound-feet of torque. On the road-going version, all that power and torque reaches all four wheels through an 8-speed automatic transmission. The racing version, though, will be RWD. We should expect accidents aplenty if this series does make it until May.

Further Reading

Read our full review on the 2018 Jaguar XE SV Project 8.

Read our full speculative review on the 2020 Jaguar XE.

Read our full review on the 2018 Jaguar XE.

Read our full review on the Jaguar I-Pace.