News Details
Will there be a new team in F1? If it is up to this billionaire, then yes
Formula 1 may be getting a new team. Hong Kong billionaire Calvin Lo reveals to The Daily Star that he is exploring the possibilities of entering Formula 1 with his own team in 2026. Article continues under ad Lo is the CEO of RE Lee International, the world's largest life insurance provider. Lo himself is now worth almost two billion and plans to use that money for his greatest passion: motorsport. As a private investor, he has already poured money into Williams, but so now he is looking to join with his own team. "With a current team, that would be faster," Lo explains. "Realistically, to get the car on the grid with a new team, it would be 2026. That’s a short period of...
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1y ago from GPBlog.com
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