Hong Kong billionaire looking at investment in new F1 team

  • 📰 Motorsport
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

Hong Kong billionaire and insurance magnate Calvin Lo is looking to invest in one of the new teams interested in joining F1 in the coming years.

Lo emerged last year as a potential investor in the sport, although initially he was coy on whether he wanted to join forces with an existing team or become involved in a new project.

The CEO of insurance company RE Lee International, Lo already has an involvement with the Williams team following its sale to Dorilton Capital in 2020, although he has declined to expand on its extent. "So right now there are a few opportunities coming up, and we are talking quite seriously with a few teams."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Again story ...

Is he aware of the budget cap Any team that requires help to reach it is Williams All these investments right now are null and void unless the team is struggling to reach the cap

Is real 👀?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines