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While Formula 1 may be struggling to invigorate the spectacle of racing amid another anticipated year of Red Bull dominance, one area it is not struggling in is the off-track coffers. With more races than ever before, and the bumper profits that go with it, an inevitable side-effect is wandering eyes from afar. The sport’s governing body, the FIA, has thus opened an “expressions of interest” process in January for new potential teams to join the current 10-team grid, perhaps as soon as 2025. Enter Calvin Lo: a Hong Kong-based billionaire. CEO of R.E. Lee International, the world’s largest life insurance broker, the 45-year-old has been “hooked” on the sport since glimpsing Michael Schumacher’s Ferrari on TV in the early 2000s. A trip to Shanghai for the first Chinese Grand Prix in 2004 underlined that adoration. But now, spectating from the paddock isn’t enough. “I’m having serious discussions about getting involved right now,” he tells The Independent, from an office in Singapore, with all the paperwork lying in front of him. “There’s actually quite a few proposals in front of me right now to see how I can participate. “F1 needs more teams. There’s too many talents in motorsport to not have more teams. But when I go through it, it is highly aspirational and absolutely, very ambitious. Still, I’d loved to be involved financially.” But not at the cost of his reputation. Financial prudence and sustainability are at the forefront of his thinking, with the extended FIA deadline for applications closing on Sunday. The entrance fee for any new team is $200m, shared by all the current teams. Mercedes boss Toto Wolff has previously remarked that $1bn is realistically required to fight at the front, a figure Lo agrees is “fair” given the basic costs of recruitment and car development. “I won’t get myself into that vicious cycle where I can’t hit those financial markers,” he says, adamantly. “Putting money into the team is not the difficult part. It’s making sure it’s sustainable; otherwise it’s embarrassing for everyone. It’s very intricate, even with an established group of people, with all the sponsorship and the detail. “But there’s so much potential in this part of the world – it’d be so advantageous to the Asian community and to the F1 ecosystem.” Audi have already confirmed their entry in 2026, taking over from Alfa Romeo (Sauber), while American giant Ford has partnered with Red Bull for the world champions’ new powertrains division. While Lo was tight-lipped about naming potential partnerships, he did emphasise his eagerness to join forces with a new team via the current FIA process. Confirmed bids from Andretti Cadillac, as well as a mooted submission from junior formula outfit Hitech GP, were ruled out. An association with Panthera Team Asia, therefore, seems most probable at this point. Lo also has a financial link with Williams’ F1 team, who were bought by private investment firm Dorilton Capital nearly three years ago, but non-disclosure agreements preclude him from elaborating further. He was insistent, however, that any new team would not present a conflict of interest. Instead, his new venture, likely based out of Asia, would be his primary focus. The continent is a “huge untapped market” for the sport, in Lo’s view, amid the Americanisation of the sport witnessed at the weekend in Miami. An academy for drivers and academics alike is also a target. “To truly make F1 global, we cannot forget this part of the world,” he says. “There are races, but the penetration is not high and it’s wasted. “I would love to have an Asian team with a base in the Pearl River Delta [the wealthiest region in south China]. The initial few seasons would be tough but it’s important for the sport to have more exposure and commitment here. “It’d be great to have an academy here. Recruiting talents not just for F1, but aeronautics and legal avenues. For young people to be exposed to this kind of world, it could change someone’s life. “With [F1’s new regulations in] 2026 and the net-zero target of 2030, now is the perfect time to be involved behind the scenes.” Working in the shadows is just how Lo operates. Widely publicised as the “secretive” or “under-the-radar” billionaire – who has a net worth of $1.7bn (£1.3bn) according to Forbes – he covets privacy, despite a lucrative lifestyle which includes owning a suite of supercars and a collection of tip-top champagne, with a single batch costing $230m. “If I go into F1, you won’t see me,” he reveals. “It’s not my style. It’s also partly to do with my main business and working with clients. “In my view, the wealthier you are… you don’t go out and flaunt it. Well some do, most don’t!” McLaren CEO Zak Brown believes there will be at least four prospective teams interested in joining the sport, while F1’s regulations cater for only two more spots. Lo has been included in an initial application to play a financial role – even if he won’t be the face of said new team – and the FIA intends on making a decision about which teams will be granted a shot at the big time by the end of June. “By 2026, it will be a different world we live in and it’d be pretty amazing to be part of that change,” he concludes. “It’s now about looking at all the plans and making a decision truly from a financial point of view. “The skeleton is already there. It’s now just getting everyone to commit themselves.” Read More FIA formally opens applications for new teams to join F1 grid Andretti joins forces with General Motors to target Formula 1 entry FIA boss ‘surprised’ at ‘adverse reaction’ to Andretti’s F1 bid with Cadillac Aussie billionaire David Dicker enters race for new team to join F1 grid Ford to rejoin Formula 1 as engine partner for Red Bull from 2026

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Helen Flanagan admits she’s “no superwoman”, and isn’t saying being a single parent is easy. But despite “running around like a blue-arsed fly” as she puts it, the former Coronation Street actress, who split from her footballer fiancé Scott Sinclair last summer, says her new single family life is working really well. “I co-parent with my ex-fiancé Scott – we’ve got three children together, and we were together for 13 years,” explains Flanagan, 32, who has just appeared on I’m A Celebrity… South Africa. “My friends help me with the children, because I do work nearly every day. I have a friend and we’re a girl gang together – I’m not superwoman! So that works nicely at home. “Scott’s living with his mum at the moment in Bristol, and my children are really close to their nana, so it works really well. My kids just have a really happy environment, with me and my friend at home, and then they have a really nice happy environment with their dad and their nana.” Flanagan, who lives in Manchester, says she has the children – Matilda, eight, Delilah, five, and two-year-old Charlie – “the majority of the time”, as their dad’s away playing football for Bristol Rovers a lot. “So it kind of can’t be helped, really,” she says. “But his mum is absolutely fantastic, we get on very, very well. She’s known me since I was 19, so I’m close with his mum, and she helps me a lot with the children.” The actress admits that although she misses her “babies” when they’re with their dad and nana, she makes the most of her child-free time. “I had my children not young, but young-ish – I had Matilda when I was 24 – and I just feel like I spent all my 20s being pregnant and breastfeeding at home,” Flanagan reflects. “So it’s kind of nice sometimes to have that time, because I know they’re in the best hands with Scott’s mum, and it’s lovely that I can spend some time with my friends and concentrate on my work and have some fun. So it’s nice, it works well. “Of course I miss them, they’re my babies, but I know they’re really, really happy with their nana and their dad, so I don’t have to worry. I do feel like the happier you are as a mum, the better it is for your child.” Most of Flanagan’s time these days is spent either working or looking after the kids – and deflecting her daughters’ pleas to get on social media. “I’m not ready for my five-year-old and eight-year-old to have social media yet – I don’t think it’s healthy for children to have social media too young,” she says. “Matilda’s desperate to go on TikTok and create her own content, and sometimes I feel a bit guilty because I’m on TikTok and Instagram and she sees that. So I said, ‘Why don’t you have mummy’s?’ and she said, ‘No, I want my own!’” As a compromise for the time being, the girls have been allowed a NickWatch connected smartwatch, which is free from social media but features games, music, safe connectivity with parents, and a GPS tracker. “A GPS tracker is such a comfort as a parent to have,” says Flanagan. “You can see where they are at all times, which is great. For me as a parent, I never keep my eyes off my children, they’re too precious. It’s just to have peace of mind.” New research by NickWatch found 41% of parents with a child under 10 years say their child has walked off on their own without them being aware. According to the survey, parents of children aged under 10 say they’ve ‘lost’ them five times on average. Fortunately, keeping a close eye on her kids means Flanagan has never been in that position, although she admits: “I’ve had a moment in a supermarket where I’ve kind of gone, ‘Where’s Matilda?’, and then I’ve seen her. But it’s common for people to lose their children, which is really scary – it’s the worst feeling in the world, and you need to have eyes in the back of your head.” But it was her daughter’s eyes that were on her, when Flanagan took part in I’m a Celebrity… South Africa recently, more than 10 years after she first took part in the show in the Australian jungle. “I loved the jungle, I really, really, did,” she declares. “It was just such anamazing experience. It was great to go back and redeem myself. I didn’t want to be pathetic and rubbish at the trials, and I had my little girl watching from home, so I couldn’t have not done it – she’d have been gutted, so that was my motivation.” Now she’s back, Flanagan, who last appeared as Rosie Webster on Coronation Street in 2018, says she’s currently doing a lot of work on social media and auditioning, and has “things in the pipeline that I can’t really share just now”. But she adds: “I’d absolutely love to go back to Coronation Street at some point, it’s just timing – I definitely want to do it at some point.” Helen Flanagan is helping to launch Nickwatch, a new connected smartwatch for children aged six to nine with built-in GPS tracking. Read More Strictly Come Dancing star Amy Dowden diagnosed with breast cancer aged 32 Joe Alwyn attends Celine dinner at Cannes Film Festival Madeleine McCann – latest news: Search of remote reservoir enters second day as police seen digging beside dam Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

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A man who spent thousands of pounds to look like a dog has revealed what his life is like. In July, the man who goes by Toco on YouTube, went viral after he posted a video of himself walking around Tokyo wearing a realistic Border Collie suit, which cost him £12,500 to have custom made. He explained in the video that his life-long dream was to become a dog and explained that he chose to become a Border Collie due to the breed's size. Now he has shared more about his life as an animal in a series of press interviews. “My desire to be an animal is like a desire to transform, a desire to be something that I am not,” he told the New York Post. Sign up to our free Indy100 weekly newsletter He added that he wears the costume once a week, mostly at home and his family are accepting of him. “The family was surprised, but received it favourably,” he said. 【驚愕】人が犬に変身！　リアルな着ぐるみで外を散歩してみた！ www.youtube.com “I am very happy that they accepted it.” In a separate interview with the Mirror, he said: “I rarely tell my friends because I am afraid they will think I am weird. “My friends and family seemed very surprised to learn I became an animal. But he told the Daily Mail his colleagues are less accepting. “They think it’s weird that I want to be a dog. For the same reason why I can’t show my real face.” But that won't stop him living the life he loves. “I’m just sad that people can think that,” he said. “I love animals and enjoy play-acting like a collie.” He continued: “This is my hobby, so I will carry on. It makes me happy and other people happy, too.” Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.