{"id":950595,"date":"2026-11-03T03:24:13","date_gmt":"2026-11-03T03:24:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/950595\/"},"modified":"2026-11-03T03:24:13","modified_gmt":"2026-11-03T03:24:13","slug":"f1-news-cadillac-f1-owner-reportedly-eyes-4-3b-team-sale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/950595\/","title":{"rendered":"F1 news: Cadillac F1 owner reportedly eyes $4.3b team sale"},"content":{"rendered":"

\t\t\t\t\t\t\t\t\t\"Cadillac\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tIs F1’s newest team already on the market? Image: XPB Images<\/p>\n

Sportico is reporting that TWG Global owner and US sports mogul Mark Walter is shopping the first-year F1 team around to prospective buyers.<\/p>\n

According to the report, there are at least seven parties already interested in the team despite its eye-watering price tag of at least $4.3 billion in Australian currency (US$3 billion).<\/p>\n

TWG owns a controlling share in the Cadillac squad in a percentage split with General Motors that has never been made public.<\/p>\n

The TWG Motorsports portfolio also includes Andretti Global in IndyCar, Spire Motorsports in NASCAR, Wayne Taylor Racing in sportscars and Walkinshaw TWG Racing in Supercars.<\/p>\n

Should the Sportico report prove correct it is at odds with a statement issued by TWG in August<\/a> that firmly stated: \u201cTWG is not considering a sale of the Cadillac team or any other part of TWG Motorsport\u201d.<\/p>\n

That statement was issued off the back of Walter selling some other key sporting assets amid a US federal investigation into intermediary companies within Walter\u2019s broader business empire.<\/p>\n

He recently sold famous NBA franchise the Los Angeles Lakers to Joshua Kushner and Bob Iger for a reported $12.5 billion while also offloading a 13 percent stake in English Premier League club Chelsea FC to Clearlake Capital.<\/p>\n

According to Sportico, WNBA squad the Los Angeles Sparks is another of Walter\u2019s sporting interests that\u2019s on the market.<\/p>\n

Cadillac is yet to score a world championship point from its debut season in F1 with Valtteri Bottas<\/a> and Sergio Perez sitting 23rd and 24th in the standings.<\/p>\n

There is some uncertainty over that driver line-up for next year, too, with Perez the only one considered a lock after signing a new multi-year deal on the eve of the Mexico City Grand Prix<\/a>.<\/p>\n

Despite claiming he has a contract for next year, Bottas appears to be at risk with Colton Herta waiting in the wings.<\/p>\n

Despite a shocker of a debut season in FIA F2, the US driver is a single Free Practice 1 outing away from obtaining an F1 Superlicence and is considered a genuine option for a Cadillac race seat next season.<\/p>\n","protected":false},"excerpt":{"rendered":"Is F1’s newest team already on the market? Image: XPB Images Sportico is reporting that TWG Global owner…\n","protected":false},"author":2,"featured_media":950596,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[573],"tags":[64,63,3550,817,813,816,2072,9910,85,1512],"class_list":["post-950595","post","type-post","status-publish","format-standard","has-post-thumbnail","category-formula-1","tag-au","tag-australia","tag-cadillac","tag-f1","tag-formula-1","tag-formula1","tag-sergio-perez","tag-slot2","tag-sports","tag-valtteri-bottas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/950595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=950595"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/950595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/950596"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=950595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=950595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=950595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}