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 »
3y 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...
3y 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...
3y 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...
3y 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...
3y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
7h ago from Motorsport.com
Why KTM thinks it "hasn't done enough yet"...
No description available...
9h ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
11h ago from Motorsport.com
Pedro Acosta on MotoGP silly season rumours: “Those...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
D.C. race "would be massive opportunity for...
No description available...
3h ago from Motorsport.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
1d ago from MotorsportWeek.c...
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
2d ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
5h ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
1d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
2d ago from Motorsport.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'2026 and we are putting him there', 'Funniest guy' -...
Arsenal fans are unimpressed with manager Mikel Arteta’s decision to...
43m ago from SportsKeeda.com
Arsenal & Man United scramble for 35.97 km/hr...
Hoffenheim attacker Bazoumana Toure has done quite well for the German...
2h ago from CaughtOffside.com
Arsenal v FC Kairat – live blog
Join us for live blog coverage of our Champions League clash at home to...
1h ago from Arseblog.com
Arsenal set £80m price tag as key star's agents...
Arsenal midfielder Martin Odegaard is reportedly considering a move away...
3h ago from CaughtOffside.com
Comments
Hottest News
F1: Shakedown Times: Day 3 (Wednesday)
Today's unofficial times from Barcelona. Read More »
3h ago from Pitpass.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 3
The third day of on-track action for F1 in 2026... Read More »
13h ago from RacingNews365.com
F1 Testing 2026 results: Red Bull suffer Ford scare as...
Day three of F1's private shakedown in Barcelona... Read More »
3h ago from GPFans.com
