Image source: RacingNews 365
P1racenews AI automatic summary:
F1 entry hopeful ‘apologises profusely’ over misunderstanding
F1 hopeful LKYSUNZ has issued an apology and clarification regarding a statement made about receiving a “record” $1 billion investment. The team is bidding to enter F1 from 2025, and the FIA will decide if they are suitable for the sport. LKYSUNZ stated that the team is prepared to pay a $600 million anti-dilution payment, despite the current regulations stating $200 million. They aim to bring diversity to the sport and expand it into Asia and Africa. The team clarified that their previous statement was not meant to reflect on the FIA’s process and apologized for any confusion caused.
Source: RacingNews 365
