News Details
Billionaire reveals intent to launch Formula 1 team
Calvin Lo has a long-standing passion for Formula 1, claiming that his first sighting of Michael Schumacher racing for Ferrari in 2000 has had a major impact on his life and how he goes about his business. Lo reportedly has a net worth of around $1.7 billion and manages billions in assets after becoming the CEO of R.E. Lee Capital, the largest life insurance broker in the world. The 45-year-old already has some loose links to Formula 1 as he finds himself involved in Dorilton Capital, who own Williams Racing, and has now stated his intent to get involved in the sport with a team of his own. “In the last few years, I’ve been approached by many players in the F1 world, from teams to...
Full Story »
Full Story »
1y ago from Formula1News.co.uk
0
You May Also Be Interested In...
Hong Kong billionaire eyes 11th F1 team
Dec.2 British reports suggest new plans are afoot for an eleventh...
1y ago from OneStopStrategy.com
Hong Kong billionaire Calvin Lo exploring entry into F1
Hong Kong billionaire Calvin Lo is exploring the possibility of forming a...
1y ago from F1i.com
Will there be a new team in F1? If it is up to this...
Formula 1 may be getting a new team. Hong Kong billionaire Calvin Lo...
1y ago from GPBlog.com
Hong Kong billionaire looking to form new F1 team
Hong Kong billionaire Calvin Lo has set his sights on forming a brand new...
1y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP's 2027 regulations are missing one key element
'Welcome to the future of MotoGP,' reads the start of the series'...
7h ago from MotorsportWeek.c...
What MotoGP’s 2027 rules overhaul could mean for the...
No description available...
9h ago from Motorsport.com
MotoGP announces major 2027 technical regulation...
No description available...
13h ago from Motorsport.com
Full details of MotoGP’s 2027 technical regulation...
No description available...
12h ago from Motorsport.com
Popular On IndyCarToday.com
Abel ends Indy 500 entry hopes, cites funding as cause
Abel Motorsports will not be fielding a car in this year’s Indianapolis...
3d ago from MotorsportWeek.c...
Siegel “open” to bolstering current IndyCar...
No description available...
3h ago from Motorsport.com
American flag livery returns for AJ Foyt Indy 500 entry
AJ Foyt Racing announced Wednesday that it is bringing its popular...
5d ago from MotorsportWeek.c...
IndyCar Barber: Start times, how to watch on TV, entry...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Evans: 2025 WRC Rally1 prototype “not so exciting”...
No description available...
3d ago from Motorsport.com
Toyota shuffles its WRC manufacturer points scorers...
No description available...
4d ago from Motorsport.com
Stellantis motorsport chief gives verdict on WRC...
No description available...
6d ago from Motorsport.com
FIA: WRC regulations debate won’t affect 2025 tyre...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal Transfer News Roundup: Gunners want Dusan...
No description available...
1h ago from SportsKeeda.com
Kai Havertz offers bold response on whether he would...
No description available...
3h ago from SportsKeeda.com
Jamie Carragher 'couldn't quite understand' Kai...
Arsenal were 3-0 winners over Bournemouth on Saturday but a lot of the...
4h ago from CaughtOffside.com
Arsenal 'add Bundesliga striker to summer shortlist'
Arsenal reportedly earmark prolific Stuttgart forward Serhou Guirassy as a...
3h ago from SportsMole.co.uk
Comments
Hottest News
Verstappen goes wild with Norris until late at night at...
A win was not in the cards for Max Verstappen at... Read More »
8h ago from GPBlog.com
Brundle reveals SHOCK Red Bull exit secret about close pal...
Reports have suggested that Adrian Newey’s... Read More »
13h ago from GPFans.com
F1 star DEMOTED after late penalty as McLaren defend Trump...
Ferrari driver Carlos Sainz has been handed a... Read More »
1h ago from GPFans.com