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Hong Kong billionaire Lo confirms investment interest in new F1 team
Hong Kong billionaire Calvin Lo has confirmed that he is currently planning an investment in a new Asia-based F1 team that would join the grid from 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. "I...
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