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League: F1Sport: MotorsportsCountry: GlobalCategory: Scores & Results

Mark Walter seeks $3 billion sale for Cadillac's F1 team

Yahoo Sports • 1 min read • Latest: Nov 2, 2026, 9:26 PM

Last updated Nov 2, 2026

Mark Walter seeks $3 billion sale for Cadillac's F1 team
Summary

Mark Walter is reportedly looking to sell Cadillac's Formula 1 team for at least $3 billion, despite earlier insistence from TWG Global that it was not for sale. Sources indicate that at least seven potential buyers are interested, although TWG has not confirmed any deals or discussions to sell the team. The shift in stance follows increased scrutiny surrounding Walter's related-parties transactions. Cadillac's F1 team is facing challenges on track, currently seeking its first points this season and dealing with significant financial losses. No specifics about the team's ownership structure or the value of its assets have been disclosed.

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By the Numbers
  • •TWG Global stated Cadillac's F1 team was not for sale earlier.
  • •Walter seeks a sale price of at least $3 billion.
  • •Cadillac has not scored any points this season.
  • •The team may have lost about $400 million this year.
  • •At least seven interested buyers have emerged.
Latest Updates
  • 9:26 PMYahoo Sports — Cadillac’s F1 Team Could Be Sold for $3B, After TWG Said It Wasn’t for Sale
What they're saying
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Mark Walter is looking to sell Cadillac's F1 team for at least $3 billion, Sportico reported, even though his TWG Global said earlier it wasn't for sale.

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