
Panthera ‘working on’ FIA’s Expression of Interest bid with further news to come ‘soon’
The team principal told PlanetF1.com to expect further news "soon."
The team principal told PlanetF1.com to expect further news "soon."
Formula 1 and its teams may not be jumping for joy yet on the prospect of a 12-team grid, but this remains the goal of the FIA.
Hong Kong billionaire Calvin Lo expressed an interest in December of getting more involved in Formula 1.
It may seem like the two teams are competing for the same spot but Panthera's co-founder does not believe that is the case.
Panthera began in 2019 but now they believe that they have a real chance of making it onto the F1 grid.
A $200million fee for a new team to enter F1 could make a buyout more viable than starting from scratch.
Panthera Team Asia is in "constant discussions" with Formula 1's stakeholders, according to their team principal and co-founder.