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British Formula 2 star Oliver Bearman will drive for Haas in practice sessions in Mexico and Abu Dhabi later this year. The 18-year-old, from Chelmsford, is a member of the Ferrari Driver Academy and Haas currently receive their engines from the Italian giants. As a result of their partnership and Haas’ requirement to fill at least two first practice sessions a season with a rookie driver, Bearman will feature in FP1 in Mexico City later this month and at the season-finale in Abu Dhabi in November. Bearman is currently sixth in the F2 standings with four victories to his name. He won the Italian F4 championship in 2021 and raced in Formula 3 last year, finishing third. “I am so happy to be joining MoneyGram Haas F1 Team driving in Mexico and Abu Dhabi,” said Bearman. “Getting to Formula 1 has been my dream since I was go-karting so to be driving a car for the first time this year is really special. “I’m grateful to the team, and of course Ferrari, for allowing me this chance. I’m working hard to make sure I’m ready to support the team as best I can on both occasions.” Haas team principal Guenther Steiner added: “We’re very happy to offer Oliver Bearman these outings in Mexico and Abu Dhabi “He’s had a stellar rookie season in Formula 2, four wins is testament to that, and as part of the Ferrari Driver Academy – we know his background preparation coming into these weekends will be first-rate. We look forward to welcoming Oliver into the team and have him drive the VF-23.” Bearman will be present in the paddock this weekend in Qatar as he embeds himself within the Haas team ahead of his first outing in Mexico City on 27 October. Read More ‘Referees make mistakes’: Pierre Gasly compares Liverpool VAR farce to Abu Dhabi controversy Aston Martin boss urges F1 to stick to 10 teams Mick Schumacher holds talks with Alpine over 2024 drive

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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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Six months on from the spine-tingling moment Ivan Frolov took to the London Fashion Week runway alongside two other Ukrainian designers, clutching their home country’s flag, the mastermind behind some of the most iconic celebrity looks is preparing for his first solo show at the celebration. But it’s been a long time coming. Despite his brand, FROLOV, being founded in 2015, the mastermind designer-turned-creative director has been cooking up his plan to take over the fashion world since he was young. “I drew my first sketch when I was three or four years old, my mother told me that”, the now-29-year-old tells us. “I was always sure that I had something to tell the world, because for me, fashion is not only about the clothes, it’s one of the quickest ways to communicate with people and talk about important topics.” “For example, my first collection that brought me success was dedicated to transgender people.” One key theme with FROLOV’s collection is that there’s always a cause behind it. Whether that’s a peek inside the world of BDSM, or promoting LGBT+ rights through hand-crafted clothing and intricate designs that allow the wearer to express themselves. “When I started my brand we did our first show in Kyiv and I named it ‘Intelligent Provocation’. So for me, it’s always very important to make something provocative to catch attention, but find the balance between being sexy and smart, not vulgar”, he says. It’s a recipe that’s working well. Dua Lipa, Megan Thee Stallion, Doja Cat, Sydney Sweeney, and Rita Ora make up just some of his well-loved celebrity clients. Most recently, FROLOV has been propelled to new heights after helping put together the glitzy looks of Beyoncé’s Renaissance tour, including the glimmering pink bodysuit worn at her $20 million performance in Dubai. The designer admits: “The moment my biggest dream came true was the Beyoncé performance in Dubai, when she wore our custom look…that was so unexpected for us.” “I was super happy that her stylists want us to use our signature style and opportunities to be free in sketches and ideas. It’s always the best way when designers are free and not under any control, so we showed off all of our signature corset styles and embroidery.” However, things quickly turn emotional as Frolov reflects on how his world was turned upside down by the invasion in Ukraine - but how he hopes the publicity can become a positive thing for his native country. “That was my dream…but my real dream right now, because we only have one dream as Ukrainians, is victory. Life is a very unpredictable thing”, he says. “Of course, Beyoncé brought a lot of attention to the brand, which is very important because with such attention, we can spread information about the war and that it’s not over and we’re still fighting.” “Beyoncé wearing a Ukrainian designer gives us the opportunity to believe in victory and show people that something good is happening in Ukraine, and that they can believe in a bright future.” But despite troubling times in Ukraine, business for FROLOV continues as usual. The team of designers and manufacturers are still based entirely out of Kyiv, working away in the studio as the war rages on outside. Despite the dramatic, no-expense-spared nature of Beyoncé’s UAE appearance, her costume was one of those made as people feared for their safety in the process. During this time, the brand has also set up a side project, known as FROLOV Heart - a collection of items emblazoned with their signature heart motif, with proceeds helping those affected by the conflict. The designer adds: “We’re working under sirens, sometimes without electricity during winter.” “Right now we have a lot of things that make us cry every day, every day we have bad news from the frontline, so it lets us just smile for a short time.” “It's very difficult to explain what we are feeling, working in Ukraine and supporting our team, and I don’t even want you ever to know what we are feeling right now, and to totally understand us, it’s difficult. But it’s normal for us right now.” Drawing inspiration from the last two years, FROLOV’s first London Fashion Week presentation will be dedicated to Ukraine’s impact on the world, outside of fighting for survival. The show, taking place on Thursday (14 September), will be set in a cinema, and a multitude of experiences for the high-profile guests in attendance, who will get a chance to learn more about the country. “It’s a very beautiful concept because our show will connect with Ukrainian culture and Ukrainian music…our guests will not only see the collection but there will be lots of touching content about Ukraine”, Frolov tells us. “Ukrainian soldiers protect the whole world from the biggest terrorists of the 21st century, so of course, it will be a very nice catwalk for the new collection, but it’s also dedicated to that. We named it ‘Masada’...it’s a Ukrainian word that means young. It’s a message about Ukraine that we are a young and beautiful country.” He hints: “We invited very important people for Ukraine right now, I don’t want to tell all the secrets but we’ll have a very important person closing the show.” It’s set not only to be a huge milestone for the brand but a symbol of hope for Ukrainians present and future. “Even in this terrible situation, we continue to work, we continue to do what we do best. That's why in our brand, we combine what we’re doing with charity to support Ukraine”, he says, before concluding: “I have a very strong feeling that Ukraine has a future. Ukraine is not about today. We feel such amazing support from all over the world and I think it gives us more power to continue the fight. We believe in our victory.” Sign up to our free Indy100 weekly newsletter 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.

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