Start, Zandvoort, 2023

LKYSUNZ offers $600m to enter new team into Formula 1

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In the round-up: Aspiring F1 entrant LKYSUNZ claims it has secured backing worth $1 billion (£810,000).

In brief

LZY SUNZ offers $600 million to enter F1

Asian-based motorsport project LKYSUNZ, which announced its aim to enter a team in Formula 1 four months ago, says it has secured new financial backing.

CEO Benjamin Durand, who was previously behind another planned F1 entry known as Panthera, said they are prepared to exceed the $200 million anti-dilution fee new entrants are required to pay.

“LKYSUNZ are prepared to meet the teams’ request and pay a $600m anti-dilution payment despite this current cycle of the financial regulations stating $200m,” said Durand. “We look forward to continuing our positive discussions with the FIA and are thrilled by our partners’ financial backing.”

The FIA is yet to announce the outcome of its application process for new teams it launched in February. LKYSUNZ is one of several knows potential entrants along with Andretti Global, Formula Equal and Hitech.

Tsunoda hopes to bounce back after repeat retirements

AlphaTauri driver Yuki Tsunoda says he is hopeful he will enjoy a good weekend at his home grand prix after retiring very early in the last two grands prix.

Tsunoda was eliminated from the opening lap of the Singapore Grand Prix after being hit by Sergio Perez. This came after he did not make the start of the Italian Grand Prix after a power unit problem on the formation lap.

“I just put it down to misfortune, especially Monza was something I couldn’t really control,” Tsunoda said. “Singapore, obviously there was a bit of room to improve myself but also just didn’t work out in the end, just things that also happened that I cannot really control as well.

“So I’ll just reset. I take it positively, just hopefully I digest every bad luck from there. Hopefully I can have a good race week here. So I’ll just reset and think positive.”

Piastri keeping Norris honest

Lando Norris admits he has been pushed by his latest team mate since Piastri joined McLaren this year.

Piastri signed a contract extension with McLaren this week, keeping him at the team until the end of 2026. The rookie has kept much closer to Norris than his previous team mate Daniel Ricciardo did over their two seasons together.

“He’s performed, he’s done everything he’s needed to and probably exceeded most people’s expectations from what he’s been able to achieve already this season,” Norris said of his team mate.

“He’s pushed me a lot. And it’s not a nice thing. It’s not what I want. But yeah, he’s done a really good job. So congrats to him for another few years.”

Honda rebrands US motorsport division

Honda’s US-based Honda Performance Development division, whose motorsport activities include its IndyCar programme, will be known as Honda Racing Corporation USA from next year. The move will bring it into line with the Japan-based Honda Racing Corporation which supports Red Bull’s F1 power unit programme.

“Our goal is to increase the HRC brand and sustain the success of our racing activities and we believe that uniting Honda motorsports globally as one racing organisation will help achieve that,” said HRC Japan president Koji Watanabe. “Our race engineers in the US and Japan will be stronger together and I am so happy to welcome our US associates to the HRC team.”

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Comment of the day

With Sebastian Vettel opening the first Buzzin’ Corner at Suzuka, an initiative to build insect habitats at racing circuits around the world, Bullfrog knows where Vettel should install one at Silverstone…

I hope he builds one at Maggotts.

Happy birthday!

Happy birthday to Cwojdek, Mattb, Radoye, Sato113, Onmar22 and Ommar22!

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Will Wood
Will has been a RaceFans contributor since 2012 during which time he has covered F1 test sessions, launch events and interviewed drivers. He mainly...

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22 comments on “LKYSUNZ offers $600m to enter new team into Formula 1”

  1. No way I would exchange $1 billion for (£810,000) as mentioned in the article about LKYSUNZ!!!!

  2. This article has a few problems. Is it 1 billion or is it £810,000? Is it lzysunz or lkysuns? Why did they choose such a terrible name regardless of which it is? Probably better to go find a title sponsor?

    1. Ryan, it is LKYSUNZ, and pronounced Lucky Suns. I guess the spelling is so that the younger generation can understand it.

      1. I think that they should learn how to spell. Both them and the younger (ever shallower) generations. I mean, come on…

  3. Incidentally, I’m rewatching The Sopranos – could F1 be any more like the mob when it comes to new teams joining?

  4. Only a “Bullfrog” would know about maggots and bumble bees…


    “and that’s all I have to say about that”


    1. But for Silverstone Vettel should switch from Bumble Bees to Buzzin Hornets!

    2. Only a “Bullfrog” would know about maggots and bumble bees…

      and I thought I couldn’t groan any more than I had…

      Most fortunate to have missed that initially. Unfortunate to find it now. :)

  5. No we dont want to have the Andretti name in F1. We’ll gladly have LKYSUNZ, who are going to add value to the sport.

    1. I think this vaporware “LKYSUNZ” is just there to say ‘yeah we’ll pay $600m’ to force Andretti to pay 600m instead of 200m. It’s a great strategy really.

      1. This. I wouldn’t be surprised if we eventually found out that Liberty were secretly behind this vapourware start up, as part of their strategy to delay Andretti’s entry long enough for the dilution fee to be increased.

      2. ‘Why not throw in an extra 400 million in case they’re interested in changing the fee?

  6. $600m? That’s either in crypto or it’s Saudi money, so it’s effectively worthless or merely a drop in the ocean. My old-fashioned money says it’s the former. NTYSUMZ.

  7. I’m sure it’ll be in tomorrow’s round up, but I quite enjoyed Red Bulls Japanese Gameshow thing.

    I rarely watch these extracurricular promotional things where drivers seemingly have to go paint balling with Simon Lazenby or kayaking with Johnny Herbert.

    But I did like watching Checo trying to parallel park with Max as driving instructor and nobody being asked ‘what do you hope for next season?’

  8. 2013 Singapore GP qualifying was noted in yesterday’s round-up for tenth anniversary, so I’m surprised the race doesn’t get the same treatment despite having more note-worthy relevance than karting.
    The same in 2018 with the five-year anniversary.

    1. Rather than sharing your ‘surprise’, you could’ve written yourself about what happened ten years ago.

      Others have done that before, and it’s always well appreciated.

  9. Is F1 entry put to auction or is open bribery fine for all?
    There is a fee set but it seems to be irrelevant. Without mentioning it’s the best way to make sure having a new capable team with motorsport background and heritage rather than rich backmarkers. Oh wait!

  10. I know it’s supposed to be pronounced “Lucky Suns,” but my brain always reads “Licky Suns.” No, you grow up.

  11. LZY SUNZ

    in the subtitle is either a typo or is describing the editing process, either way can’t imagine any company would want their name so badly butchered.

  12. F1 is going to take a page from the Greedy Real Estate Handbook and sell an entry by blind bidding. Can’t wait to see another HTR or Virgin/Marussia!

  13. I would like to see 12 teams again, though I would want them to be serious entrants and committed to it long term.

  14. LKYSUNZ makes me think of one of those seemingly randomly named ‘manufacturers’ you only ever encounter when searching for a push-button umbrella on Amazon.

Comments are closed.