Business · Companies · 2 hrs ago
Report says Cadillac F1 owner is seeking buyers for his stake
Mark Walter is reportedly seeking buyers for his stake in Cadillac’s F1 team.
Walter controls the team through TWG Global, which runs it in partnership with General Motors.
The reported asking price is about US$3 billion, and at least seven potential buyers are said to be interested.
TWG said in August that it was not considering selling the team or another part of its motorsport business.
The reports conflict with that earlier statement, and no sale has been confirmed.
Cadillac is having a difficult debut season, sitting bottom of the constructors’ standings without a point.
The team’s 2027 driver line-up is not settled: Sergio Perez has signed a new deal, while Valtteri Bottas’s place is uncertain.
The team and any prospective buyers have not announced what will happen next.
A Sportico report says Mark Walter is seeking buyers for his stake in the Cadillac Formula 1 team.
The report says at least seven parties are interested and puts the team’s price at about US$3 billion.
TWG Global, which controls the team alongside General Motors, previously said it was not considering a sale.
Cadillac is bottom of the constructors’ championship and has yet to score a point in its debut season.
The team has not confirmed its driver line-up for 2027, and Valtteri Bottas’s place is uncertain.
- Who
- Mark Walter, owner of TWG Global, is reportedly seeking buyers for his stake in Cadillac F1.
- What
- A Sportico report says at least seven parties are interested in buying the team.
- When
- The reports were published on November 2 and 3, 2026. The date of Sportico’s report is not stated.
- Where
- The team competes in Formula 1. A location for the reported sale process is not stated.
- Why
- Not stated
Sportico report
TWG Global
Sale plans
Sportico report
Sportico reported that Walter is shopping the team to prospective buyers.
TWG Global
TWG said it was not considering a sale or exit from its stake in the Cadillac team.
TWG said it was not considering a sale of the Cadillac team or other parts of its motorsports business.
GPFans reported that Walter was seeking a sale and that as many as seven parties were interested.
Speedcafe reported the team was being shopped to prospective buyers at a price of at least US$3 billion.
- Reported interested parties
- At least seven
- Reported asking price
- About US$3 billion
- Cadillac ownership
- TWG Global controls the team in partnership with General Motors
- Debut-season points
- Zero
- Championship position
- Bottom of the constructors’ championship
2 sources
What people are saying
TWG is not considering a sale of the Cadillac team or any other part of TWG Motorsport
TWG is not considering exiting its stake in the Cadillac Formula 1 team or any other part of TWG Motorsports