Mark Walter’s TWG Global Holdings is discussing the sale of part of its stake in the Cadillac Formula 1 team. The team could be valued at $3 billion or more, and John Henry’s Fenway Sports Group (FSG) is among several interested bidders. FSG owns the Boston Red Sox and Liverpool F.C., among other sports franchises.
Walter controls the team through TWG Motorsports and has also been selling stakes in other sports assets, including the Los Angeles Lakers and Chelsea F.C. Cadillac, a partnership with General Motors, joined the F1 grid in 2026 and has yet to score a championship point.
TWG had previously denied plans to sell its F1 stake. Reports indicate at least seven parties are exploring a potential investment.