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Potential F1 entrant secures $1 billion investment
Emerging motorsport team LKYSUNZ has announced a major breakthrough by securing a substantial investment of $1 billion (£818 million) from the American firm, Legends Advocates Sports Group, based in Florida. This significant financial backing has the potential to revolutionise their path to Formula 1, positioning them as formidable contenders on the grid. LKYSUNZ, with a mission to foster talent from 'underrepresented communities,' has set its sights on joining the Formula 1 grid for the 2026 season. The financial landscape of Formula 1 is a formidable challenge, with entry costs estimated to be as high as 800 million euros, covering expenses to both the Fédération...
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1y ago from Formula1News.co.uk
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