News Details

Hong Kong billionaire eyes 11th F1 team

Dec.2 British reports suggest new plans are afoot for an eleventh Formula 1 team. With Michael Andretti's well-known US-based operation openly seeking an official entry, a new suitor has now emerged – Hong Kong life insurance billionaire Calvin Lo. The Mirror newspaper reports that he is in talks with 'a number of teams and drivers'. Lo reportedly said he is keen on Formula 1 because the sport has 'entered a new era with growing popularity and a new generation of fans'. He also told the Daily Star newspaper: 'I am not smart enough to run the team! Whatever involvement I would have, it would be financial. 'We've been looking at a current team and that's how the idea of starting a new...
Full Story »
Share

You May Also Be Interested In...

‘I didn't do it on purpose': Guenther Steiner to...

It has incredibly been revealed that Haas boss Guenther Steiner caused...
2y ago from Formula1News.co.uk

Lewis Hamilton makes ‘big ugly' comment about...

2022 was certainly not the season Lewis Hamilton would've hoped for as he...
2y ago from Formula1News.co.uk

Fernando Alonso handed boost via £200m Aston Martin...

Aston Martin are edging ever closer to having the facilities in place to...
2y ago from Formula1News.co.uk

Inside Line: Our Twitter journey. If it ain't...

Let's start with what might've been the moral of the story summing up our...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Brazil replaces Argentina as 2026 MotoGP calendar...

The 2026 MotoGP calendar has officially been released and the new season...

Popular On IndyCarToday.com

Foggy conditions at Laguna Seca delay IndyCar’s...

The NTT IndyCar Series was set to hit the track early Saturday morning...

Marcus Armstrong: ‘No magic potion’ that accounts...

Meyer Shank Racing is in the middle of its best IndyCar season since...

Pato O’Ward fastest in opening practice in Laguna...

Laguna Seca was the setting for IndyCar’s first practice session on...
20h ago from MotorsportWeek.c...

Arrow McLaren set to move into new race facility in...

Arrow McLaren has officially taken ownership of what will be its new...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: Rivals in advanced talks to sign 25-year-old...

Fulham are interested in signing the Arsenal attacker Reiss Nelson during...
1h ago from CaughtOffside.com

New signing profile: Viktor Gyokeres

Following months of deliberation over their preferred option, Arsenal...
49m ago from Arseblog.com

Arsenal confirm Gyokeres signing

Arsenal have confirmed the signing of Sporting striker Viktor Gyokeres.
49m ago from SkySports.com

Report: Arsenal intensify efforts to sign 25-G/A...

Arsenal are looking to complete the signing of Crystal Palace attacker...
29m ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.