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Asharq Al-Awsat
Asharq Al-Awsat
Sport
Asharq Al-Awsat

Hong Kong Billionaire Lo in Talks with Potential F1 Teams

Calvin Lo Hong Kong F1 Williams Racing Andretti Cadillac Hitech Asia Grand Prix Insurance
Calvin Lo, Chief Executive Officer of R.E. Lee International, poses for photos, in Hong Kong, China April 12, 2023. REUTERS/Lam Yik

Hong Kong-based billionaire Calvin Lo, who already has financial links to Formula One team Williams, says he would like to see a greater Asian presence in F1 and is in talks with potential new teams.

The chief executive of insurance broker RE Lee International told Reuters he was considering backing a bid to enter in 2026 and money was not the major hurdle.

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