Formula One added an 11th team for the 2026 season, and it’s one of the most well-known luxury car brands in the world.<\/p>\n
Cadillac, the luxury vehicle division of manufacturer General Motors, is now a part of the F1 world. Eventually, the brand also has plans to become a power-unit manufacturer by 2029.<\/p>\n
As Cadillac made its entry into F1, the first new, independent constructor to join the grid since 2016, its team ownership is a quickly growing group backed by one of the wealthiest sports owners in various other leagues.<\/p>\n
Here’s what to know about the F1 Cadillac team’s ownership.<\/p>\n
MORE:\u00a0Full 2026 F1 standings, driver and constructor points<\/a><\/p>\n Who owns the Cadillac F1 racing team?<\/p>\n Cadillac’s F1 racing team is owned by TWG Global through a partnership with General Motors.<\/p>\n In 2025, TWG Global launched\u00a0\u00a0TWG Motorsports, the division of the company responsible for its motorsports portfolio \u2014 which also includes being the\u00a0majority owner of Andretti Global, the team that competes in\u00a0IndyCar, Indy NXT and Formula E. Per the AP<\/a>, TWG Motorsports is also the majority owner of the\u00a0NASCAR team Spire Motorsports, the two-car IMSA sports car GTP program fielded by Wayne Taylor Racing, and Walkinshaw Andretti United, which competes in Australia\u2019s Supercars Championship.<\/p>\n Who is TWG Global?<\/p>\n TWG Global is a multinational conglomerate holding company, meaning it is a business that holds controlling interest in other companies over multiple countries and industries, rather than producing anything itself.<\/p>\n TWG Global has headquarters in Chicago and New York City, founded in 2024 as an investment vehicle by CEO Mark Walter. Thomas Tull is co-chairman of the company. Industries that TWG Global is invested in include\u00a0financial services,\u00a0insurance,\u00a0artificial intelligence\/technology, sports and entertainment,\u00a0energy\u00a0and\u00a0merchant banking.<\/p>\n In 2024, TWG Global announced it had acquired full ownership of the auto racing team Andretti Global \u2014 which included the plans for an Andretti\u00a0Cadillac Formula 1 team. Later on, the company announced that\u00a0it had been approved by the Formula One Group to compete in 2026 under a new restructured team, known more simply as the Cadillac team.<\/p>\n In 2025, TWG Global then created a specific division of its company to handle its motorsports interests: TWG Motorsports. Dan Towriss was named CEO of the subdivision.<\/p>\n Who is Mark Walter?<\/p>\n Walter is the CEO of two companies:\u00a0Guggenheim Partners, a privately held global financial services firm with over $300 billion in assets under management, and TWG Global.<\/p>\n The 66-year-old, from Cedar Rapids, Iowa, is primarily known for his sports ownership \u2014 TWG Global has\u00a0controlling interest in MLB’s Los Angeles Dodgers, the Premier League club Chelsea, the Professional Women\u2019s Hockey League, the NBA’s Los Angeles Lakers and the WNBA’s Los Angeles Sparks.<\/p>\n How did Mark Walter make his money?<\/p>\n