In the round-up: Billionaire businessman and Formula 1 fan Calvin Lo says he is looking at potentially financing a new team to enter into Formula 1.
In brief
Billonaire Lo is keen to finance new F1 entry
Lo, a 45-year-old Canadian businessman who has connections with Williams owners Dorilton Capital, sayshe is actively investigating the possibility of financing his own Formula 1 team, either by purchasing an existing team or setting up a new entry.
“In the last few years, I’ve been approached by many players in the F1 world, from teams to highly aspirational potential team owners or investors,” Lo told the Daily Star. “We’ve been looking at a current team and that’s how the idea of starting a new team came about. There are a lot of opportunities right now. I believe we’re going into a new era of a younger audience, a newer fanbase. Accessibility seems easier than before.
“We would be very fortunate to be involved, in whatever capacity. With a current team, that would be faster. Realistically, to get the car on the grid [with a new team], it would be 2026. That’s a short period of time, a very tight timeline.”
FREC reveals 2023 calendar
The Formula Regional European Championship has revealed its calendar for the 2023 season, featuring three pre-season test in Barcelona, Paul Ricard and Monza.
The season will begin at Imola in late April, before taking in the Circuit de Catalunya, Hungaroring, Spa-Francorchamps, Mugello and Paul Ricard. Following a break over August the season will then resume at the Red Bull Ring, then return to Monza before finishing with the final two rounds in Zandvoort and Hockenheim. A total of 12 teams will participate in the championship, each fielding three cars.
This year’s championship was won by Ferrari junior driver Dino Beganovic, racing for Prema. Beganovic will move up to FIA Formula 3 with the team for 2023.
Fisichella returns to single-seater racing in Adelaide
Three-time grand prix winner Giancarlo Fisichella returned to single-seater racing for the first time in 13 years when he took part in the first race of the Tasman S5000 series around the Adelaide Street Circuit in support of the final round of the Australian Supercars championship.
The 49-year-old, who raced with teams such as Jordan, Benetton, Renault, Force India and Ferrari over 14 seasons in Formula 1, finished fourth in the first of three races around the Adelaide circuit. Nathan Herne won the race ahead of Joey Mawson and Cooper…
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