With money making all the difference in Formula 1, the interest of a man valued at £1.4 billion can only come as good news for a team.
Calvin Lo had initially expressed an interest in starting a Formula 1 team of his own, however after Stefano Domenicali admitted that F1 was unlikely to expand on the 20 cars currently on the grid in the near future, Lo has turned his attention to investing in a current team.
Smaller teams such as Williams and Haas rely dearly on external sources of income and sponsorships, and these are the two main teams that have linked as potential suitors for the Hong Kong based billionaire.
Lo has said that should he become involved in Formula 1, Mick Schumacher would be his preferred choice of driver, due to his idolisation of his father Michael Schumacher, who made Lo fall in love with motorsport during the 2000 Singapore Grand Prix.
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The billionaire also admitted his admiration for seven-time world champion Lewis Hamilton, but believes that the Mercedes team behind working with the Brit deserve more credit for Hamilton’s successes.
“Like every driver one the grid, every one of them is incredible sportspeople,” began Lo when asked about Hamilton.
“It doesn’t matter if you’re first or last, just to be on the grid is incredible. It’s not just one person, the whole team supports them.
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“Actually, a real fan should appreciate the diver and the whole team. Lewis Hamilton is obviously one of the best drivers in history. But in general, these F1 workers in the pitlane can be idols for many people. They’re the brightest people, the tactics, the designs.
“How amazing that a few hundred people, if not thousand, gather into one pit lane with thousands back at home, all trying to get this car going and I think every driver how they adapt to feedback and use it is incredible. I admire every single one of them, full respect to them.”
Williams and Haas have both lost major sponsors in the form of ROKiT and Uralkali respectively, meaning that the investment of a billionaire would be welcomed with open arms by both teams, as they look to return to the midfield of F1 in the coming seasons.