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Daily Mirror
Daily Mirror
Sport
Fraser Watson

Hong Kong billionaire lifts lid on F1 investment talks and chances of new team by 2026

When it comes to billionaires signalling their intentions to invest in sport, Calvin Lo seems to break the mould.

His business acumen is renowned worldwide of course, the reputation of a CEO capable of handling the world’s largest life insurance broker firmly established, and the reported net worth of £1.385 billion widely circulated. But within seconds of speaking to the R.E. Lee Octagon supremo, it's clear his ambitions to make an impact in the world of F1 are laced caution and realism.

There is no LIV Golf like nonsense about overhauling the status quo, no Roman Abramovich dictatorship type demands for instant success, no perplexing Sam Hamman style pledges to make Cardiff as big as Barcelona. Instead, Lo's goals seemingly derive from a genuine passion for the sport, and a love affair dating back to the turn of the century.

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