The ownership landscape of the Cadillac Formula 1® team may be shifting as reports indicate that Fenway Sports Group (FSG), the owners of Liverpool FC, could be interested in acquiring a stake. This development comes amid uncertainty surrounding the majority owner, TWG Global, which is reportedly considering selling part of its shares.
According to sources, TWG Global is facing a federal investigation related to Mark Walter’s insurance companies and financial dealings. The probe, conducted by the U.S. Department of Justice, concerns approximately $20 billion in loans and investments that may not have been properly disclosed. As a result, TWG Global is said to be looking to divest some of its assets, including shares in the Cadillac Formula 1® team. Other assets linked to Walter, such as shares in the LA Lakers, Chelsea FC, and LA Sparks, have already been sold.
Fenway Sports Group, known for owning Liverpool FC and the Boston Red Sox, is reportedly among the potential buyers. FSG has prior motorsport experience as a 50% owner of RFK Racing in NASCAR and recently sold a significant portion of its Liverpool FC stake. The Cadillac Formula 1® team, which entered the sport in 2026, has invested heavily in infrastructure and development, including a $450 million anti-dilution fee and over $1 billion in team growth. Despite showing reasonable performance, the team faces reliability challenges and is viewed as a long-term project within the championship.
The valuation of the Cadillac Formula 1® team is estimated to be around $3 billion, reflecting the growing popularity of the sport, the impact of budget caps, and the limited availability of grid slots. General Motors remains a minority shareholder and technical partner in the team. Current drivers Sergio Perez and Valtteri Bottas continue to represent Cadillac on the grid.
Neither TWG Global nor General Motors have commented on the reports regarding the potential sale or the ongoing investigation. TWG Global initially dismissed rumours about selling shares in the team, and the timing or extent of any transaction remains unclear. The situation reflects broader asset divestments by Mark Walter amid financial scrutiny, but no definitive agreements have been confirmed.
This potential change in ownership highlights the complex financial and legal backdrop behind some of the investments in Formula 1®. For Fenway Sports Group, expanding their footprint in the sport could build on their existing motorsport involvement, but any acquisition would likely be part of a longer-term strategy given Cadillac’s current development phase within the championship.
As the story develops, it will be important to monitor official statements and further details on the ownership structure of the Cadillac Formula 1® team. The ongoing investigation into TWG Global’s financial dealings remains a key factor in the future of the team’s majority ownership.