Hong Kong billionaire Calvin Lo is exploring the possibility of forming a new team to enter Formula 1 in 2026. Lo, the CEO of RE Lee, the world largest life insurance broker with $8 billion in assets under management, is no stranger to F1 insiders. The very low-profile Hong Kong-based entrepreneur has often been cited as the main funder behind Dorilton Capital's acquisition of Williams Racing in the summer of 2020. Lo has never denied nor confirmed the speculation but has admitted to having "some sort of exposure" to Williams through Dorilton, although he has always declined to offer more detail on the level of his investment. Last August, speaking to Reuters, Lo said that...
Full Story »