Hong Kong billionaire working on F1 team launch

Sergio Perez, driving the Oracle Red Bull Racing RB18, leads the rest of the field at the start of the 2022 Singapore Grand Prix (by Mark Thompson/Getty Images,)
Sergio Perez, driving the Oracle Red Bull Racing RB18, leads the rest of the field at the start of the 2022 Singapore Grand Prix (by Mark Thompson/Getty Images,)

Billionaire Hong Kong businessman Calvin Lo has said he is assessing forming a new Formula 1 motor racing team for the 2026 season.

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