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New British F1 team bid confirmed for 2026 season after major investment
New British F1 team bid confirmed for 2026 season after major investment
British racing team Hitech Grand Prix have confirmed their bid to join the F1 grid for the 2026 season after announcing a major new investment deal. Hitech GP, who currently race in F2, F3 and F4, were reported to be one of a number of prospective new entries into Formula 1, alongside the likes of Andretti-Cadillac and Panthera Team Asia. Now, after announcing new investment with its parent company Hitech Global Holdings Limited selling a 25 per cent stake to Kazakh businessman Vladimir Kim, Hitech confirmed they have lodged a bid to the FIA to secure a spot in three years’ time. Hitech, based at Silverstone, stated in a press release that its F1 project was a “move that would complete its single-seater ladder and demonstrate that Hitech has all the right people, experience and resources to compete alongside the best teams in the world.” Kim, whose companies have previously sponsored Kazakh athletes such as champion boxer Gennadiy Golovkin, holds his main interests in the mining, banking and aviation sectors – with Hitech his first involvement in motorsport. “Motorsport has been a long-standing personal interest for me, and I am delighted to be entering into a partnership with an organisation that has enjoyed success in so many categories and has such ambitions for its future,” he said. “We have an established involvement with sport; however, this is our first global investment in motorsport. “Its dynamic appeal, growing exposure, business-to-business marketing opportunities and burgeoning fan base are aligned with my ambitions personally and commercially.” Hitech CEO Oliver Oakes added: “I am delighted to welcome Vladimir Kim to the Hitech group. “During our discussions we found many natural synergies and I know that his support will be invaluable as we seek to build on Hitech’s success and work towards achieving its broader ambitions over the years to come.” Audi are already confirmed to be joining the grid in 2026, taking over from the Sauber works team currently branded as Alfa Romeo, and announced their first test driver last week. Read More Audi name first driver to join F1 team ahead of 2026 season entry Inspired by Schumacher, meet the Hong Kong billionaire targeting a new Formula 1 team Why have Wrexham owners Ryan Reynolds and Rob McElhenney invested in an F1 team? Ryan Reynolds and Rob McElhenney to invest in F1 team ‘There will be crashes’: George Russell sends stark warning to F1 bosses
2023-06-26 20:21
Vinomofo Goes Headless with BigCommerce to Innovate, Scale and Grow its Brand Worldwide
Vinomofo Goes Headless with BigCommerce to Innovate, Scale and Grow its Brand Worldwide
AUSTIN, Texas & SYDNEY--(BUSINESS WIRE)--Jun 26, 2023--
2023-06-26 20:16
Papa Johns Appoints Ravi Thanawala As Chief Financial Officer
Papa Johns Appoints Ravi Thanawala As Chief Financial Officer
ATLANTA--(BUSINESS WIRE)--Jun 26, 2023--
2023-06-26 19:21
Gelesis’ Oral Treatment for Weight Management Showed Real-World Effectiveness in New Data Presented at the American Diabetes Association’s Annual Conference
Gelesis’ Oral Treatment for Weight Management Showed Real-World Effectiveness in New Data Presented at the American Diabetes Association’s Annual Conference
BOSTON--(BUSINESS WIRE)--Jun 26, 2023--
2023-06-26 19:16
Top Explorer Urges Caution With Boom in Sea and Space Adventures
Top Explorer Urges Caution With Boom in Sea and Space Adventures
The demise of five people aboard a submersible touring the Titanic’s underwater wreckage has even the most prominent
2023-06-26 18:56
Norman Reedus wanders France in 'The Walking Dead' Daryl spinoff clip
Norman Reedus wanders France in 'The Walking Dead' Daryl spinoff clip
Daryl Dixon (Norman Reedus) is a long way from the Commonwealth in his upcoming spinoff
2023-06-26 18:49
Hong Kong to Reopen Downtown Airport Check-In Service Next Month
Hong Kong to Reopen Downtown Airport Check-In Service Next Month
Hong Kong is poised to allow airport check-in services in the heart of the city again, according to
2023-06-26 18:48
Cost of Living Crisis Gets Worse for 80% of British Families
Cost of Living Crisis Gets Worse for 80% of British Families
Eight in 10 British households suffered a drop in their disposable incomes last month as rising living costs
2023-06-26 18:24
Wheat Climbs to Four-Month High as Traders Assess Russia Risks
Wheat Climbs to Four-Month High as Traders Assess Russia Risks
Wheat climbed to a fresh four-month high after the armed uprising in top exporter Russia added uncertainty over
2023-06-26 18:24
Russian Mogul’s Yacht Heads to Homeland After Transoceanic Trip
Russian Mogul’s Yacht Heads to Homeland After Transoceanic Trip
Russian tycoon Alexey Mordashov’s $500 million superyacht is headed for his homeland after more than a year criss-crossing
2023-06-26 18:17
Putting salt in tap water and drilling wells in parks: one country's desperate quest to avoid running dry
Putting salt in tap water and drilling wells in parks: one country's desperate quest to avoid running dry
Uruguay, grappling with a multi-year drought and high temperatures, is running dry.
2023-06-26 18:15
Trump news – live: Trump rails against ‘villains’ as he is named ‘Man of the Decade’ at Michigan GOP dinner
Trump news – live: Trump rails against ‘villains’ as he is named ‘Man of the Decade’ at Michigan GOP dinner
Donald Trump railed against a list of “villains” including electric vehicles (EVs), President Joe Biden and “radical left lunatics” as he delivered a speech in the battleground state of Michigan on Sunday night. The former president spoke before 2,500 supporters at Oakland County GOP’s Lincoln Day Dinner, where he was honoured by the party as its “Man of the Decade”. During the event, he claimed that electric vehicles would result in the “decimation” of the state’s traditional auto industry and claimed that his criminal indictments are “bulls***”. Michigan could be a key focus of the 2024 race after Mr Trump won the state in 2016 but lost it to Mr Biden in 2020. His appearance came one day after he told a crowd of evangelicals on Saturday that the federal government has a “vital role” in the restriction of abortion access and once again took credit for overturning Roe v Wade. But the former president did not detail his proposal for national abortion restrictions at the Faith & Freedom Coalition conference in Washington DC, in contrast to his 2024 rival Mike Pence, who said he supports outlawing care nationally at 15 weeks of pregnancy. Read More Trump celebrates anniversary of anti-abortion ruling as he tells religious crowd ‘I’m getting indicted for you’ Trump declares himself the ‘most pro-life’ president in American history Biden warns Republicans aren’t done with abortion bans as protesters hit streets on anniversary of Roe’s fall Trump quietly changes political fundraising site to funnel funds toward legal woes
2023-06-26 17:28
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