Fenway Sports Group (FSG), owner of Liverpool Football Club, is reportedly among several parties interested in acquiring a controlling stake in the Cadillac Formula 1 team. The American outfit, which debuted in the 2026 season, is understood to be quietly up for sale with a reported price tag of £2.25 billion ($3 billion).
The potential sale stems from the financial activities of Mark Walter, co-founder and head of TWG Global, the majority owner of the Cadillac F1 team. Walter is currently facing a class-action lawsuit and federal investigations by the U.S. Attorney’s Office and the Securities and Exchange Commission (SEC). These probes concern allegations of fraudulent loans and undisclosed ‘affiliated assets’ involving his insurance companies, including Delaware Life and Clear Spring Life.
Walter has been divesting several sports assets amidst this scrutiny. He sold his majority stake in the Los Angeles Lakers NBA franchise in August 2026 and a 13% stake in Premier League club Chelsea earlier this year. Additionally, he is reportedly seeking to offload the Los Angeles Sparks WNBA team.
Despite TWG Global issuing a statement in August 2026 denying any plans to sell its stake in the Cadillac F1 team, subsequent reports in November 2026 indicate a reversal of this position. At least seven potential buyers are said to be circling the team.
Cadillac officially joined the Formula 1 grid in 2026 as the sport’s 11th team, receiving final approval in March 2025. The team, backed by TWG Global and General Motors, paid a $450 million anti-dilution fee to enter the championship. In its debut 2026 season, Cadillac has yet to score a point after 19 rounds, placing them last in the Constructors’ Championship. Sergio Pérez and Valtteri Bottas are the team’s drivers, with Bottas achieving their best result of 13th in China.
The team currently utilises Ferrari power units, but General Motors Performance Power Units (GM PPU), a joint venture with TWG Motorsports, is developing its own F1 power unit for a planned 2029 debut. A new engine factory in Charlotte, North Carolina, is scheduled to open on December 18, 2026. Cadillac’s operational bases include a European facility in Silverstone, UK, and a North American headquarters under construction in Fishers, Indiana, expected to be largely operational by 2027.
FSG’s interest in Formula 1 aligns with its extensive portfolio of sports investments, which includes majority control of MLB’s Boston Red Sox and NHL’s Pittsburgh Penguins, alongside a 50% stake in NASCAR’s RFK Racing. The group recently agreed to sell a 30-38% minority stake in Liverpool FC to a consortium that includes Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin. This deal, valued Liverpool at between £5.5 billion and £7 billion, provides FSG with significant capital.
The Formula 1 market has experienced substantial growth, with team valuations increasing significantly in recent years. Ferrari is currently valued as the most expensive team at $7.1 billion, followed by Mercedes at $6.4 billion. The sport generated $5.6 billion in revenue in 2025, underscoring the commercial appeal of an F1 team investment.
