
Hong Kong billionaire eyes F1 entry
F1 News
Hong Kong billionaire eyes F1 entry

Hong Kong billionaire Calvin Lo has confirmed his eagerness to increase his involvement in F1 by potentially adding an 11th team to the grid.
CEO of RE Lee International, the world’s largest life insurance broker, Lo is also an F1 fans and has ties with Williams through his private investment firm.
Speaking to the Daily Star Sport, Lo said: “We are still exploring what capacity I would be involved in F1.
"I am not smart enough to run the team! Whatever involvement I would have, it would be financial.
“In the last few years, I’ve been approached by many players in the F1 world, from teams to highly aspirational potential team owners or investors.”
Although open to the idea of creating his own team, Lo conceded a more likely entry route into the sport would be investing in an existing outfit.
“We’ve been looking at a current team and that’s how the idea of starting a new team came about,” he added.
"There are a lot of opportunities right now. I believe we’re going into a new era of a younger audience, a newer fanbase. Accessibility seems easier than before.”
“Whoever comes in [with a new team], in whatever capacity, has to ensure that [financial] pie gets even bigger.
"I understand the current teams’ reluctance. If it all comes out of the same pot, what’s the point?
“But if we could somehow expand that pie a little bigger, everyone could benefit, the whole grid could benefit.
“That’s where the ‘how’ comes in. How are me and my team able to tell the current teams that our involvement, in whatever capacity, will increase that viewership, that fanbase?
“I think there is an opportunity for someone who’s not in the motor racing world to come in, to bring in new ideas, new perspectives. I think it’s exciting if someone from the outside comes in.
“The financial part is a huge commitment. But assuming that’s done, we could be in for a pleasant surprise in how everyone could benefit.”
Related news

Turkey earthquake: F1 CEO Domenicali left 'shocked' by tragedy

F1 2023 car launches: Key dates with seven teams still to go

Everything you need to know about F1 tyres in 2023

Honda register to become SIXTH power unit manufacturer for new F1 engine era
Most read

F1 LIVE - De Vries birthday sweetened after being CLEARED in court

FIA under fire AGAIN: Controversial F1 decision 'clearly wrong'

F1 FIA saga takes new turn as Mercedes return to the track - GPFans F1 Recap

Ricciardo responds to Red Bull Bathurst snub

Red Bull car launch 2023: Date, time and how to watch live
F1 Standings

Races
-
Gulf Air Grand Prix of Bahrain 2023
-
Saudi Arabian Grand Prix 2023
-
Grand Prix of Australia 2023
-
Grand Prix of China 2023
-
Grand Prix of Azerbaijan 2023
-
Miami Grand Prix 2023
-
Pirelli Gran Premio Del Made In Italy E Dell'emilia Romagna 2023
-
Grand Prix of Monaco 2023
-
Grand Prix of Spain 2023
-
Grand Prix of Canada 2023
-
Grand Prix of Austria 2023
-
Grand Prix of Great Britain 2023
-
Grand Prix of Hungary 2023
-
Grand Prix of Belgium 2023
-
Heineken Dutch Grand Prix 2023
-
Grand Prix of Italy 2023
-
Grand Prix of Singapore 2023
-
Grand Prix of Japan 2023
-
Qatar Grand Prix 2023
-
Grand Prix of the United States 2023
-
Gran Premio de la Ciudad de Mexico 2023
-
Grand Prix of Brazil 2023
-
Las Vegas Grand Prix 2023
-
Grand Prix of Abu Dhabi 2023
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media

7007 CD, Doetinchem, Netherlands
+31645516860