Sport Business

Formula 1: Ugo Ugochukwu, a 13-Year-Old Nigerian American, Signs Long Term Deal With McLaren

McLaren, a British motor racing team, has signed 13-year-old Ugo Ugochukwu on a long-term deal to develop his career like the company did with the reigning Formula 1 champion, Lewis Hamilton.

The karting prodigy started in New York in 2013 and won the 2020 FIA OKJ European Karting championship.

Speaking on his deal, Ugochukwu said “I’m honoured to be signed by such an iconic team as McLaren Racing so early in my career,” Ugochukwu said. “To have the support of McLaren is fantastic and what any young driver dreams of.

“I’m focused right now on developing as a driver and racer, so having McLaren by my side can only help me on and off the track.”

McLaren has a long history funding the path of young drivers to Formula One.

It’s most famous junior signing was Britain’s Lewis Hamilton, now a seven-time world champion, who was backed by the Woking team and Mercedes from the age of 13 and made his F1 debut in 2007.

“Ugo is a promising young talent with strong development prospects,” McLaren team principal Andreas Seidl said. “While he is still early in his career, it is clear he has the ingredients to be successful in the sport.

“This signing reflects our refocused approach to identifying and supporting new talent, away from a formal young driver programme to a more tailored basis.”

Ugochukwu won a series of karting titles in the U.S.A. between 2014 and 2018 before moving his attention to racing in Europe in 2019.

This year he will compete in the OK Senior class in Europe.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

2 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

2 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

2 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

2 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

3 days ago

Over N60.5bn Alleged Fraud: More Trouble For Impeached Lagos Speaker Over Imminent Arrest By EFCC

Stakeholders and political gladiators in Lagos State have called on the Economic and Financial Crimes…

3 days ago