{"id":957084,"date":"2026-11-03T18:54:09","date_gmt":"2026-11-03T18:54:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/957084\/"},"modified":"2026-11-03T18:54:09","modified_gmt":"2026-11-03T18:54:09","slug":"report-suitors-emerge-for-cadillac-f1-team","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/957084\/","title":{"rendered":"Report: Suitors emerge for Cadillac F1 team"},"content":{"rendered":"

Buyers have \u201cbegun circling\u201d Mark Walter and the Cadillac F1 team, although TWG Global \u201chasn\u2019t agreed to a deal or announced that the team is on the market,\u201d according to sources cited by Christopher Palmeri of BLOOMBERG NEWS. Walter, whose insurance firms are being probed by federal prosecutors<\/a>, has already sold the Lakers<\/a>, sold his stake in Premier League club Chelsea FC<\/a> and is reportedly in talks to sell the Sparks<\/a>. Sportico first reported on Monday that Walter is weighing a sale of the team at an asking price of at least $3B (BLOOMBERG NEWS, 11\/2<\/a>). In L.A., Bill Shaikin wondered if Walter \u201cisn\u2019t selling the Dodgers.\u201d TWG Global issued a statement in August that was \u201cdefinitive in two specific aspects: the Dodgers were \u2018not being sold\u2019\u201d and that the company \u201cwas \u2018not considering exiting its stake in the Cadillac Formula 1 team<\/a>.\u2019\u201d A source in contact with Walter said that fans should \u201cwait and see if a Formula One deal actually materializes and, if so, for what value.\u201d Potential Dodgers bidders, including L.A. Times owner Dr. Patrick Soon-Shiong, are \u201cconsidering offers should Walter decide to sell.\u201d Some have \u201cinquired discreetly and been told what everyone has been told: the team is not for sale.\u201d Shaikin: \u201cFor today, and for the immediate future, the Dodgers are not for sale<\/a>. But plans can change, as Walter\u2019s Formula One team just learned\u201d (L.A. TIMES, 11\/2<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"Buyers have \u201cbegun circling\u201d Mark Walter and the Cadillac F1 team, although TWG Global \u201chasn\u2019t agreed to a…\n","protected":false},"author":2,"featured_media":957085,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[441],"tags":[3307,49,48,578,576,580,577,462,12716,82],"class_list":["post-957084","post","type-post","status-publish","format-standard","has-post-thumbnail","category-formula-1","tag-baseball","tag-ca","tag-canada","tag-f1","tag-formula-1","tag-formula-one","tag-formula1","tag-mlb","tag-motorsports","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/957084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=957084"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/957084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/957085"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=957084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=957084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=957084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}