{"id":394903,"date":"2022-11-30T13:06:11","date_gmt":"2022-11-30T18:06:11","guid":{"rendered":"https:\/\/7sport.net\/ca\/?post_type=news&#038;p=394903"},"modified":"2022-11-30T13:06:11","modified_gmt":"2022-11-30T18:06:11","slug":"hong-kong-billionaire-ready-to-launch-new-formula-1-team-by-2026","status":"publish","type":"news","link":"https:\/\/7sport.net\/en\/news\/hong-kong-billionaire-ready-to-launch-new-formula-1-team-by-2026\/","title":{"rendered":"Hong Kong billionaire ready to launch new Formula 1 team by 2026"},"content":{"rendered":"<p>Hong Kong-based billionaire Calvin Lo is exploring the possibility of launching a brand-new team in Formula 1 by 2026.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 EXCLUSIVE\ud83d\udea8<\/p>\n<p>Calvin Lo believes there has never been a better time to invest in Formula 1 \ud83c\udfc1<\/p>\n<p>\u270d\ufe0f <a href=\"https:\/\/twitter.com\/MarkWhiley_LE?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@MarkWhiley_LE<\/a> <a href=\"https:\/\/t.co\/vvil31qmDc\" target=\"_blank\">https:\/\/t.co\/vvil31qmDc<\/a><\/p>\n<p>&mdash; Daily Star Sport (@DailyStar_Sport) <a href=\"https:\/\/twitter.com\/DailyStar_Sport\/status\/1597988323816939522?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Lo, who is the CEO of RE Lee International &#8211; the world\u2019s largest life insurance broker, is a passionate F1 fan and has ties with the Williams team via his private investment firm.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Calvin Lo, the Hong Kong billionaire rumored to have funded Dorilton&#39;s acquisition of Williams, says Formula 1 is attracting a lot of interest from Asian investors. <a href=\"https:\/\/t.co\/0KpOtCNw97\" target=\"_blank\">https:\/\/t.co\/0KpOtCNw97<\/a><\/p>\n<p>&mdash; F1i (@F1icom) <a href=\"https:\/\/twitter.com\/F1icom\/status\/1556592215471935488?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">August 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;We are still exploring what capacity I would be involved in F1,&#8221; he told Daily Star. &#8220;I am not smart enough to run the team! Whatever involvement I would have, it would be financial.<\/p>\n<p>\u201cIn the last few years, I\u2019ve been approached by many players in the F1 world, from teams to highly aspirational potential team owners or investors.\u201d<\/p>\n<p>Lo&#8217;s interest in taking an active role is genuine and he has attended races, including the recent Singapore Grand Prix, to gain a better understanding of F1.<\/p>\n<p>\u201cWe\u2019ve been looking at a current team and that\u2019s how the idea of starting a new team came about,\u201d said Lo, a boyhood Michael Schumacher fan. \u201cThere are a lot of opportunities right now. I believe we\u2019re going into a new era of a younger audience, a newer fanbase. Accessibility seems easier than before.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong-based billionaire Calvin Lo is exploring the possibility of launching a brand-new team in Formula 1 by 2026. \ud83d\udea8 EXCLUSIVE\ud83d\udea8 Calvin Lo [&hellip;]<\/p>\n","protected":false},"author":4224,"featured_media":394904,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"tags":[17000,17001],"news_category":[16921],"gn_keywords":[],"acf":{"announce":"Hong Kong-based Calvin Lo, a boyhood Michael Schumacher fan, has ties with the Williams team via his private investment firm","video":[]},"rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":"","rank_math_robots":"","rank_math_canonical_url":"","rank_math_facebook_title":"","rank_math_facebook_description":"","rank_math_facebook_image":"","rank_math_twitter_title":"","rank_math_twitter_description":"","rank_math_twitter_image":"","rank_math_snippet_shortcode":"","rank_math_primary_category":"","rankmath_seo":{"focus_keyword":"","description":"","title":"","canonical_url":"","robots":"","facebook":{"title":"","description":"","image":""},"twitter":{"title":"","description":"","image":""}},"_links":{"self":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/394903"}],"collection":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/users\/4224"}],"replies":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/comments?post=394903"}],"version-history":[{"count":0,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news\/394903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media\/394904"}],"wp:attachment":[{"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/media?parent=394903"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/tags?post=394903"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/news_category?post=394903"},{"taxonomy":"gn_keywords","embeddable":true,"href":"https:\/\/7sport.net\/en\/wp-json\/wp\/v2\/gn_keywords?post=394903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}