La F1 will it welcome a 11e team on the grid in 2026? If the Andretti clan says it is still ready to enter Formula 1, a new project seems to have been born. This one does not come from the United States but from Asia, from Hong Kong more precisely.
Based in Hong Kong, billionaire Calvin Lo dreams of being involved in Formula 1 in the future, whether as an associate with an existing team or by creating his own team. “ We are still exploring in what capacity I could be involved in F1, he confided in an interview with the English tabloid Daily Star. I'm not smart enough to lead the team! Whatever my involvement, it will be financial »
Calvin Lo who maintains relationships with the owners of Williams, Dorilton Capital, even admitted to having already been contacted by people involved in F1. “ In recent years, I have been approached by many players in the world of Formula 1, whether teams or very ambitious owners or potential investors.."
Calvin Lo reveals his cards
If initially his idea was to collaborate with a team, whether by taking over shares or its entirety, the billionaire seems to dream bigger. Anyone who calls themselves a fan of Michael Schumacher does not hide its ambition to launch a full-fledged structure financed by its own means. “ We studied the possibility with a current team and this is how the idea of creating a new team was born.He says. There are a lot of opportunities right now. I believe we are entering a new era, with a younger audience, a newer fan base. Accessibility seems easier than before »
However, Calvin Lo is aware that his project will not see the light of day soon. It is for this reason that the businessman does not intend to rush and is targeting the 2026 season in the event of arriving on the grid with his own training. “ We would love to be involved in any way. With a current team, it would be faster. Realistically, to have a car on the grid (with a new team), we would have to wait until 2026. It is a short period, a very tight timing."
As ambitious as he may seem, Calvin Lo will have to be very convincing when presenting his project because the reluctance of the current teams to welcome news is significant. As a reminder, Andretti faced refusal from many teams as Mercedes lately. And when a structure like that of the Andretti family has difficulty achieving unanimity, we say to ourselves that the Hong Kong-based billionaire has his work cut out for him to foresee an arrival in Formula 1 by 2026.
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