You may be able to Transfer an entry to someone else by exchanging your entry for a Transfer Credit.
To see if you're eligible for a Transfer, make sure you are logged into Race Space, go to your 'My Entries' tab and click 'Entry Actions'. If you see a button named 'Transfer Entry', this means that the event organiser has activated this option.
The race organiser decides whether Transferring entries is allowed and what fees might be involved. The credit you receive after making the Transfer is the amount you paid for your original entry, less the amount charged by the organiser for the action.
You can find any Transfer Credits you have on your Racer Dashboard. They will be eligible for 12 months after your original event was due to take place. You'll also find a link to any eligible races.
NOTE: Even if there are no charges, you will still need to pay any difference in entry price when spending your credit on the new entry.